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Christopher & Banks narrows loss; plans new store openings
Minneapolis -- Christopher & Banks Corp. reported a loss of $265,000 for the quarter ended Aug. 4, narrowed from a $2.2 million loss in the year-ago period. Sales edged up 1% to $104.2 million from $103.4 million, and same-store sales climbed 7.7%.
Under the leadership of CEO LuAnn Via, the company is in the early stages of a turnaround, with store openings on tap for both fiscal 2013 and a longer-term three-year period.
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Wal-Mart exec joins World Affairs Council board
Washington, D.C. -- Walmart VP of global technology services and strategic partnerships Fumbi Chima has been elected to the World Affairs Council – Washington, D.C., board of directors.
Chima is responsible for Walmart’s vendor management office, project management office and its global technology services office in India, as well as the IT asset management team.