Retailer Christopher & Banks is predicting a buoyant autumn after unveiling a 39% rise in second-quarter profit to to $7.9m.

 

Net sales for the second quarter were up 19% to US$131.6m, with same-store sales rising 8%.

 

For the first half ending 26 August, net income increased from $15m to $22.5m, and net sales were up 17% to $274.1m.

 

Christopher & Banks CEO Joe Pennington said he was pleased with the results. "Our dollars per transaction showed significant improvement over the prior year as our customers responded very favourably to the lighter weight fabrics of our 'buy now', 'wear now' merchandise assortments," he said.

 

Pennington added that September's business was continuing the positive trend and predicted a high single-digit percentage increase in same-store sales for the month ending 23 September.

 

The company is forecasting EPS of $0.31-0.32 for the third quarter, up from $0.24 last year, and full-year EPS of $1.14-1.16, compared to $0.84 last year.