NEW YORK — Solid sales and margins allowed Christopher & Banks Corp. to post more than a 20 percent increase in second-quarter profits.
The Minneapolis-based specialty retailer said for the three months ended Aug. 27 earnings rose 22.2 percent to $8.5 million, or 22 cents a diluted share, at the upper end of its previous guidance and 1 cent ahead of Wall Street’s consensus estimates. That compares favorably with earnings in the year-ago period of $6.9 million, or 17 cents. Sales for the quarter rose 21.5 percent to $89.7 million from $73.9 million, while comparable-store sales increased 3 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)