Business
Christopher & Banks Corporation Provides Business Update on COVID-19
Christopher & Banks Corporation Provides Business Update on COVID-19.
About this update from Christopher & Banks Corp
[{"type":"text","content":"\nChristopher & Banks Corporation (OTC: CBKC), a specialty women’s apparel retailer, today announced that in response to the continued spread of COVID-19, it will temporarily close all stores effective March 19 through March 31.\n\n\nCustomers can continue to shop through the Company’s ecommerce website at ChristopherandBanks.com.\n\n\nKeri Jones, President and Chief Executive Officer, commented, “We have decided to temporarily close our stores following guidance from global help professionals and local governments. We feel strongly that the actions taken today are necessary in order to help protect the wellbeing of our team members, customers, and communities. We will continue to monitor the situation during this time of uncertainty and respond accordingly.”\n\n\nDue to the fast-moving nature and uncertainty of the impacts of COVID-19, the Company is withdrawing its previously issued guidance for full year fiscal 2020.\n\n\nAbout Christopher & Banks\n\n\nChristopher & Banks Corporation is a Minneapolis-based specialty retailer featuring exclusively designed privately branded women’s apparel and accessories. As of March 19, 2020, the Company operates 445 stores in 44 states consisting of 309 MPW stores, 77 Outlet stores, 31 Christopher & Banks stores, and 28 stores in its women’s plus size clothing division CJ Banks. The Company also operates the www.ChristopherandBanks.com eCommerce website.\n\n\nForward-Looking Statements \n\n\nCertain statements in this press release may constitute forward-looking statements, made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, which reflect our current views with respect to certain events that could have an effect on our future performance. The forward-looking statements relate to expectations concerning matters that are not historical facts and may use the words “will”, \"expect\", \"anticipate\", \"plan\", \"intend\", \"project\", \"believe\", “should”, \"drive\" \"in order to\" and similar expressions. Except for historical information, matters discussed in this press release may be considered forward-looking statements. \n\n\nThese forward-looking statements are based largely on information currently available to our management and our current expectations, assumpti...