UPDATE 1-Christopher & Banks posts wider-than-expected Q2 loss

* Q2 loss $0.07/shr vs Est loss $0.05/shr

* Q2 Rev $101.3 mln vs $101.2 mln, a year ago

* Shares down 8 pct

Sept 30 (Reuters) - Women's apparel retailer Christopher & Banks Corp (CBK.N) reported a wider second-quarter loss than expected, hurt by weak sales towards the end of the quarter, sending its shares down 8 percent after the bell.

"August merchandise deliveries did not resonate well with customers and led to increased promotions and gross margin pressure," CEO Lorna Nagler said in a statement.

For the third-quarter the company expects gross margins to decrease by a couple of hundred basis points, but same-store sales to be up in the low single-digit range.

For the June-August quarter, the specialty retailer, which operates the Christopher & Banks and CJ Banks chains, posted a net loss of $2.5 million, or 7 cents a share, compared with a net loss of $2.1 million, or 6 cents a share, a year ago.

Sales in the company, whose clients are mainly women in their forties and above, rose marginally to $101.3 million.

Analysts on an average were expecting a loss of 5 cents a share, on revenue of $105.4 million, according to Thomson Reuters I/B/E/S.

Same-store sales, or sales from stores open at least a year, rose one percent.

Shares of the Plymouth, Minnesota-based company which have lost 32 percent after touching a 52-week high in April when the company posted better-than-expected fourth-quarter fiscal 2010 results, closed Thursday at $7.91 on the New York Stock Exchange. (Reporting by NR Sethuraman in Bangalore; Editing by Vyas Mohan)