USA: Christopher & Banks September Same-Store Sales Flat
Women's clothing retailer Christopher & Banks Corporation today reported that September same-store sales were flat with last year.
Bill Prange, chairman and chief executive officer, said the results reflected difficult market conditions, cautious consumer spending, unseasonably warm weather, and the late receipt of certain key merchandise.
Total sales for the four-week period ended 28 September 2002 increased 20 per cent to $24.9 million, up from $20.7 million last year.
For the seven months ended 28 September 2002, same-store sales rose 7 per cent. Total sales for the seven months year-to-date increased 30 per cent to $176.5 million from $136.1 million last year. The company has 414 stores compared to 343 stores at the end of September 2001.
Companies: Christopher & Banks Corp
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