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Christopher & Banks loss widens in Q2, to close 17 stores
Minneapolis -- Christopher & Banks Corp. reported Thursday a net loss of $13 million for the quarter ended Aug. 27, compared with a loss of $2.5 million in the year-ago period.
Sales dropped to $96.2 million from $101.3 million, and same-store sales declined 8% during the quarter.
For the second half of fiscal 2012, the retailer said it plans to open approximately eight new stores and close approximately 17 existing stores. -
Macy’s, Kohl’s report strong September showings, J.C. Penney flounders
New York City -- Macy’s saw same-store sales rise 4.9% in September, and total sales increased 5.3% to $2.298 billion in the five-week period.
“We continued to see a strong sales trend in September at both Macy’s and Bloomingdale’s,” said Terry J. Lundgren, chairman, president and CEO of Macy’s. “Our sales performed well both in stores and online. This underscores that our business remains on track, despite the persistently negative macroeconomic news.”