Christopher & Banks has ‘strong’ Q1

MINNEAPOLIS — Christopher & Banks, a specialty women’s apparel retailer, reported a same-store sales increase of 23% for the 13-week period ended May 4, 2013, as compared to the 13 weeks ended May 5, 2012.

The company’s net sales totaled $109 million, a 16% increase from $94 million for the 13 weeks ended April 28, 2012. During the quarter, the company operated an average of 10.5% fewer stores than during the comparable period last year.

“We are pleased with our strong start to fiscal 2013 as we continue to win customers over with a merchandise assortment that appeals to her tastes as well as her sense of value,” said president and CEO LuAnn Via. “In addition, our marketing programs have garnered a highly favorable response and created excitement in our stores. As we continue to gain traction with our strategic initiatives, we believe we are well-positioned to drive sustainable long term growth and profitability.”

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women’s clothing. As of June 7, the company operates 602 stores in 44 states consisting of 377 Christopher & Banks stores, 155 stores in its women’s plus size clothing division CJ Banks, 44 MPW stores and 26 outlet stores. The company also operates two e-commerce sites.