Christopher & Banks Corporation Reports September Sales Results.September Same-Store Sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. Increase 9 Percent MINNEAPOLIS -- Christopher & Banks Corporation (NYSE NYSE See: New York Stock Exchange : CBK CBK Common Body of Knowledge CBK Commerzbank AG CBK Central Bank of Kuwait CBK Commercial Bank of Kuwait CBK Christiania Bank og Kreditkasse CBK Campus Beiaard Kring CBK Cannabis-Bundeskonferenz (Germany) ) today reported total sales for the four-week period ended September 23, 2006 increased 19% to $42.0 million from $35.3 million last year. September same-store sales rose 9%. For the seven months ended September 23, 2006, total sales increased 18% to $316.1 million from $268.8 million last year while same-store sales increased 8%. As of September 23, 2006, the Company operated 756 stores compared with 679 stores as of September 24, 2005. Joe Pennington Joe Pennington, aka "Joe Penny," (born January 15, 1928 in Plant City, Florida) is a former lead guitarist for Hank Williams' backing band, the Drifting Cowboys. After leaving the Drifting Cowboys in 1948, Pennington continued to perform and recorded several pioneering , Chief Executive Officer, commented, "We are very pleased with the customer response to our new Fall merchandise. September results were driven by strong sales at full price. Looking forward, we continue to have a positive outlook regarding our prospects for the remainder of the Fall and upcoming Holiday selling seasons." About Christopher & Banks Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company operates 755 stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The Company currently has 517 Christopher & Banks stores, 206 C.J. Banks stores and 32 Acorn stores. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding the Company's positive outlook for sales in the Fall and Holiday selling seasons. The achievement of such results is subject to certain risks and uncertainties and may differ materially from those projected. Such risk factors include, but are not limited to, 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 here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or that may arise after the date hereof. |
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