Christopher & Banks Backs FY19 Sales Outlook - Quick Facts
(RTTNews) - Specialty women's apparel retailer Christopher & Banks Corp. (CBKC) reported Tuesday that comparable sales for the second quarter declined 4.1 percent following a 0.8 percent increase in the same period last year. Comparable sales for the third quarter to-date are also running positive in mid-single digits.
The company also maintained its sales growth guidance for the full-year 2019, based on the strong top line results quarter-to-date.
For fiscal 2019, net sales is still projected to in the range of flat to up 2 percent as the result of expanded omni-channel capabilities, enhancements to the overall product assortment, and more impactful marketing promotions intended to drive customer file growth.
"Based on current trends, we are confident that we have more than sufficient cash resources and liquidity to implement our strategies and effectuate the turnaround of the business," said Keri Jones, President and Chief Executive Officer.
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