MINNEAPOLIS, Jul 5, 2007 -- Christopher & Banks Corporation (CBK) today reported fiscal June sales results.
For the four-week period ended June 30, 2007, total sales were $45.9 million compared to $43.3 million for the four-week period ended June 24, 2006. June same-store sales for the four weeks ended June 30, 2007 are compared to the four-week period ended July 1, 2006. On this basis, same-store sales for the four-week period ended June 30, 2007 increased 3%. Total sales for the four fiscal months ended June 30, 2007 were $195.3 million compared to $185.9 million for the four fiscal months ended June 24, 2006. Same-store sales for the seventeen weeks ended June 30, 2007 declined 2% compared to the corresponding seventeen week period ended July 1, 2006. As of June 30, 2007, the Company operated 803 stores compared to 741 stores as of June 24, 2006.
Matt Dillon, President and Chief Executive Officer, commented, "June same-store sales which were driven by an increased level of promotional activity were in line with our expectations."
About Christopher & Banks
Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company currently operates 803 stores under the names Christopher & Banks, CJ Banks and Acorn. The Company currently has 528 Christopher & Banks stores, 237 CJ Banks stores and 38 Acorn stores.