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March same-store sales shows significant growth at Christopher & Banks

07 Apr '07

1 min read

Christopher & Banks Corporation reported March sales results.

For the four-week period ended March 31, 2007, total sales were $41.7 million compared to $36.4 million for the four-week period ended March 25, 2006. March same-store sales for the four weeks ended March 31, 2007 are compared to the four-week period ended April 1, 2006. On this basis, same-store sales for the four-week period ended March 31, 2007 were flat. As of March 31, 2007, the Company operated 782 stores compared to 713 stores as of March 25, 2006.

Matt Dillon, President and Chief Executive Officer, commented, “We are encouraged that March same-store sales results showed significant improvement over February and were above our expectations for the month. Customer response to our new merchandise deliveries has been positive and we are optimistic about the remainder of the Spring selling season.”

Stock Repurchase Program:
The Company also announced that it repurchased 325,059 shares of its common stock in March. These purchases complete the Company's current $40 million repurchase program and bring the total number of shares purchased to 2,057,182. As of March 31, 2007, the Company had 36.2 million shares of common stock outstanding.

Christopher & Banks Corporation

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