Minneapolis -- Christopher & Banks Corp. said Monday it has named LuAnn Via president and CEO, effective Nov. 26. Via, also named to the retailer’s board of directors, succeeds Joel Waller, who will remain in a consultative capacity through June 30,...
Minneapolis -- Christopher & Banks Corp. reported Tuesday a loss of $13.4 million, compared with a loss of $8.2 million in the year-ago period. Net sales dropped to $93.6 million, from $110.4 million in the comparable period last year. Same-store sales decreased 15%. “Our financial results reflect continued customer resistance to the residual merchandise assortment that consisted of styles that were too updated and priced too high while lacking in key categories,” said Joel Waller, president and CEO. As part of the company’s real estate restructuring efforts, 103 stores were identified for closure and 101 of these stores were
Minneapolis / St. Paul Business Journal by , Web Producer Related: Banking & Financial Services, Commercial Real Estate, Retailing & Restaurants Wikimedia Commons, Steve Morgan Web Producer - Minneapolis / St. Paul Business Journal Email | Twitter | Facebook | LinkedIn Struggling Christopher & Banks Corp. Christopher & Banks Corp. Latest from The Business Journals Follow this company made another change at the top of its organization Tuesday. The women's apparel retailer said Chief Financial Officer Michael Lyftogt was returning to his previous position as chief accounting officer.
Christopher & Banks announced that Larry Barenbaum has resigned all of his positions with the company effective Feb. 17, 2012. In connection with Barenbaum's resignation as chief executive officer, the company's board of directors announced that Joel Waller, president, has been named chief executive officer.