Christopher & Banks Corporation Announces Increase in Stock Repurchase Program.

MINNEAPOLIS -- Christopher & Banks Corporation (NYSE: CBK) today announced that its Board of Directors has authorized an increase to its previously announced $20 million stock repurchase program. The Company's Board of Directors approved stock purchases of up to an additional $20 million, bringing the dollar amount of stock that can be purchased under the program to $40 million. The shares may be repurchased from time to time through the open market in a manner consistent with applicable securities laws and regulations and will be funded from available cash.

Joe Pennington, Chief Executive Officer, commented, "We continue to believe the share purchase program reflects our continued confidence in the Company's long-term prospects and demonstrates our ongoing commitment to enhancing shareholder value."

The Company also announced that it has repurchased 602,523 shares of common stock in fiscal December. This brings the total number of shares purchased by the Company under its current repurchase program to 968,523.

About Christopher & Banks

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company operates 779 stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The Company currently has 524 Christopher & Banks stores, 218 C.J. Banks stores and 37 Acorn stores.

This release contains forward looking statements regarding our continuing confidence in the Company's long term prospects. The achievement of such results is subject to certain risks and uncertainties and actual results may differ materially from those projected. Such risk factors include, but are not limited to, adverse changes in economic, market and weather conditions, shifts in consumer tastes and spending habits that result in decreased sales, failure to realize expected economies gained through the use of private label and direct import merchandise, problems in managing our growth and other factors outside the Company's control, including factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that may arise after the date hereof.