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Minneapolis -- Christopher & Banks Corp. narrowed its fiscal fourth-quarter loss as the company received a boost from an extra week of sales and cut costs.
The retailer posted a loss of $4.1 million for the 14 weeks through Feb. 2, compared with a loss of $53.2 million in the 13 weeks the year before.
Revenue was up 10%, to $116 million from $105.6 million. Same-store sales jumped 18.5%.
Total expenses fell 25% to $120 million.
Christopher & Banks has been closing poor-performing stores and cutting costs to help turn its business around.
"We intend to continue to build upon this foundation to drive sustainable long-term sales and earnings growth," CEO LuAnn Via said in a statement.


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Post a CommentWe can't really deny that we
We can't really deny that we can escape the loss. Sometimes we can really have loss but we need to do something to bring back the gain. - Aflac Assist LLC