NEW YORK — Christopher & Banks suffered the effects of the lackluster holiday season, as the company reported frigid comparable-store sales results for December.
For the four weeks ended Dec. 25, the Minneapolis-based specialty retailer saw comps fall 7 percent.
Bill Prange, chairman and chief executive officer, said in a statement that comps were impacted by a calendar shift that will push sales from Dec. 26 and 27 into fiscal January comp results, a move that management expects will positively affect January figures.
Total sales for the month increased 7 percent to $55.1 million from $51.4 million. However, the increase is largely due to an increased number of stores in operation.
For the 10 months ended Dec. 25, the company reported a 4 percent decline in comps. Total sales rose 10 percent to $374.7 million from $341.8 million.
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