US fashion group Christopher & Banks Corporation is expecting a sales decline and net loss for the third quarter, blaming lower demand and unseasonable weather.

Same-store sales for the third fiscal quarter, as compared to last year’s third quarter, are now anticipated to decline 8% to 10%. SG&A expenses as a percent of sales are expected to be 400 to 500 basis points higher, as compared to last year’s third quarter rate.

The company now expects to report a net loss from operations for the quarter.

Christopher & Banks said that per store inventory, which excludes e-commerce, is expected to be up 12% to 14% at the end of the third fiscal quarter.

Larry Barenbaum, interim president and CEO, said: "We are disappointed with our performance during the third quarter. While we saw some positive signs in September, overall to-date most categories have performed below expectations, which, coupled with lower traffic and unseasonably warm temperatures, led to lower sales and operating results than anticipated."