Christopher & Banks Corporation Reports a 12% Increase in May Same-Store Sales; First Quarter Same-Store Sales Increase 10%.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--June 6, 2002

Christopher & Banks Corporation (Nasdaq: CHBS) today reported a 12% increase in May same-store sales for its four-week period ended June 1, 2002.

Total sales for the four-week period ended June 1, 2002, rose 35% to $24.8 million from $18.3 million last year.

For the first quarter ended June 1, 2002, same-store sales increased 10%. Total sales for the first quarter increased 35% to $77.8 million from $57.6 million last year. As of June 1, 2002 the Company operated 391 stores compared to 315 stores as of June 2, 2001.

Bill Prange, Chairman and Chief Executive Officer commented, "The 12% increase in May same-store sales exceeded our expectations. Sales were the strongest in the first week of the month leading up to Mother's Day and in the last week of the month when the weather turned warm throughout our market area."

Mr. Prange concluded, "In addition to our robust same-store sales results, we are very pleased with the progress of our new store expansion program. We opened 45 new stores in the first quarter and expect to add 15 new stores in the second quarter and 30 new stores in the third quarter, resulting in a total of 90 new locations for the year.

"While the retail environment remains challenging, we are encouraged by the continued strong customer response to our merchandise assortment and optimistically look forward to the second quarter."

The Company plans to report earnings for the first quarter ended June 1, 2002 on Tuesday, June 25, 2002 after the market closes.

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing providing exclusive fashions under the Christopher & Banks and C.J. Banks labels. Currently, the Company operates 391 stores in 31 states, located primarily in the northern half of the United States.

This release contains forward-looking statements regarding future performance of the Company. The achievement of such results is subject to certain risks and uncertainties, including changes in economic, market and weather conditions, the effect of consumer tastes and spending habits, the realization of expected economies gained through the use of private label and direct import merchandise, management of 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.

For more information on Christopher & Banks Corporation, visit our website at www.christopherandbanks.com.