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Christopher & Banks profit, sales drop in Q1

6/30/2011

Minneapolis -- Christopher & Banks Corp. reported Thursday that net income for the quarter ended May 28 was $1.9 million, compared with $6.3 million in the year-ago period.



Sales dropped to $123.8 million, from $126.2 million a year earlier. Same-store sales dipped 2%.



The retailer said it plans to open 31 new stores and close 35 existing stores in fiscal 2012.

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