By  on January 8, 2009

Christopher & Banks Corp. reported a smaller-than-expected third-quarter loss Wednesday as costs from the closure of its Acorn brand pulled results below the break-even point.

For the quarter ended Nov. 29, the Minneapolis-based specialty retailer registered a net loss of $1.4 million, or 4 cents a diluted share, versus net income of $10.2 million, or 29 cents a share, for the year-ago period. Excluding discontinued operations, the company lost $39,000, or broke even on an earnings-per-share basis, compared with the net income of $11.1 million, or 31 cents a share in 2007.

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