Christopher & Banks Corporation Provides Earnings Guidance for the Full Year of Fiscal 2019; Records Impairment Charge for the Second Quarter Ended August 3, 2019
September 10, 2019 at 04:00 pm IST
Christopher & Banks Corporation provided earnings guidance for the full year of fiscal 2019. For the full year of fiscal 2019, the company expects to report net sales to be flat to up 2% as the result of expanded omni-channel capabilities, enhancements to the overall product assortment, and more impactful marketing promotions intended to drive customer file growth.
The company recorded an impairment charge on long lived assets of 311,000 for the second quarter ended August 3, 2019.