Christopher & Banks Corporation Reports an 18% Increase in March Same-Store Sales.

Business/Retail Editors

MINNEAPOLIS--(BUSINESS WIRE)--April 5, 2001

Fourth Quarter and Fiscal 2001 Earnings

to be Reported on April 11, 2001

Christopher & Banks Corporation (Nasdaq: CHBS), formerly Braun's Fashions Corporation, today reported an 18% increase in March same-store sales for its four-week period ended March 31, 2001. Total sales for the four-week period ended March 31, 2001 increased 44% to $16.6 million from $11.5 million last year. As of March 31, 2001, the company operated 287 stores, including 15 stores opened in March, compared with 234 stores as of March 25, 2000.

Bill Prange, Chairman and Chief Executive Officer commented, "We are delighted with our 18% increase in same-store sales, especially in light of this year's much cooler March weather. Our strong increase in March same-store sales significantly exceeded internal expectations and follows a 36% increase in last year's March same-store sales.

Mr. Prange concluded, "Once again, our results demonstrate that the Christopher & Banks brand continues to gain broader acceptance among our target customers. We are pleased with the strong reception given to our merchandise assortments and we remain optimistic about our prospects for the balance of the Spring selling season."

The company also indicated that earnings for its fourth quarter and fiscal year ended March 3, 2001 will be reported on April 11, 2001 before the market opens. The company's quarterly conference call will be broadcast live over the Internet on Wednesday, April 11, 2001 at 11:00 a.m. (EST) at http://www.christopherandbanks.com and http://www.vcall.com. An online archive of the broadcast will be available within one hour of the completion of the call and will be accessible on the http://www.christopherandbanks.com and http://www.vcall.com websites until April 25, 2001.

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing providing exclusive fashions under the Christopher & Banks label. Presently, the Company operates 287 stores in 29 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