Casual

Minneapolis – Christopher & Banks Corp. swung to a net loss of $1.4 million in the first quarter of fiscal 2015, compared to net income of $2.6 million the same quarter a year earlier. Total costs and expenses exceed net sales of $91.62 million, which was an 11 % drop from $103.37 million, while same-store sales dropped 11.7%.

During the second quarter of fiscal 2015, Christopher & Banks expects to open one new Missy, Petite, Women (MPW) and 14 new outlet stores, and also close one CB store and convert seven others to MPW stores.

Lynnwood, Wash. – Zumiez Inc. met Wall Street expectations for profit in the first quarter of fiscal 2015.

Net income rose 12% to $2.8 million from $2.5 million the same period a year earlier, aided by slowing growth rates of cost of goods sold and selling, general and administrative (SG&A) expenses.

Fairfax, Va. – The “unnamed strategic bidder” who outbid Hot Topic to purchase Geeknet Inc. has been revealed. GameStop Corp. will acquire all of the outstanding shares of Geeknet’s common stock for $20 per share in cash, or about $140 million.

Dodgeville, Wis. -- Lands' End has launched a new microsite on its website that will allow customers to shop stylized product from key assortments of men, women, and kids. Zanna Roberts Rassi, senior fashion editor for Marie Claire and longtime fashion stylist, has been named as the first guest editor to curate five summer collections of her Lands' End favorites.

Irvine, Calif.  -- Boot Barn Holdings announced it has entered into a definitive agreement to acquire Sheplers, a 116-year old western lifestyle company with 25 stores across the United States. The purchase price was put at $147 million in cash.

By rebranding the Sheplers stores to the Boot Barn banner, consistent with the strategies of its prior two acquisitions, Boot Barn will enhance its store footprint by adding eight new retail markets and build its position in Texas and Colorado.

Boot Barn is stepping up its e-commerce game with the acquisiton of Sheplers for a purchase price of $147 million.

The U.S. Supreme Court ruled against Abercrombie & Fitch Monday in favor of a Muslim woman who filed a lawsuit after she was denied a job at a store operated by the retailer because she wore a head scarf for religious reasons.

True Religion Apparel's first-ever global flagship is also the brand’s largest and most digitally-savvy space to date, starting with storefront windows that display a continuous stream of video content—and also showcase style statements from shoppers themselves. The 3,000-sq.-ft. store is located in downtown Manhattan.

The interior pays homage to the vibrancy and edginess of New York City, starting with a dynamic entrance mural designed and painted by local street artist RAE.

Charlotte, N.C. – Investments in higher margins and topline growth helped boost net income at Belk Inc. 13% to $21.8 million in the first quarter of fiscal 2015 from $19.3 million in the same period a year earlier. Net sales were $985 million, up 3% from $955.1 million.

Same-store sales rose 3.3%. The strongest merchandise categories were men’s and women’s apparel, especially activewear, across all areas. The company’s online sales increased 37%, positively affecting same-store sales by 2.1%.

Pacific Sunwear of California Inc. reported a loss of $3.5 million in the first quarter in the same week the retailer found itself in the middle of a national controversy over one of its best-selling T-shirts.