Christopher & Banks Q2 results misses estimates
Christopher & Banks Corp. posted fiscal second-quarter results late Thursday that were below Wall Street's expectations. The chain reported a net loss of $2.5 million for the quarter ended Aug. 28, wider than the year-earlier loss of $2.1 million. Sales of $101.3 million were up slightly from $101.2 million.The retailer said that despite a solid start to the quarter, August sales fell short of expectations, leading to more promotions and putting pressure on gross margins. The company said customer reaction to its fall merchandise collection has been more positive.