Key Developments: Christopher & Banks Corp (CBK.N)
5.94USD
12:09pm EDT
$-0.34 (-5.41%)
$6.28
$6.30
$6.48
$5.94
19,900
86,941
$7.92
$1.15
Latest Key Developments (Source: Significant Developments)
Christopher & Banks Corp Comments On Q2 2013 Same-Store Sales Guidance-Conference Call
Christopher & Banks Corp announced that it expects same-store sales for the second quarter of 2013 to increase in the 8% to 10% range for the 13 weeks ended August 3, 2013. Full Article
Christopher & Banks Corp Comments On Q1 2013 Same Store Sales Guidance
Christopher & Banks Corp announced that for the first quarter of 2013, it expects same-store sales to increase in the low 20%. Full Article
Christopher & Banks Corp Raises Q4 2012 Comparable Store Sales Guidance
Christopher & Banks Corp announced that the Company expects to report a comparable store sales increase in the high teens for the fourth quarter of 2012 as compared to the Company's previous guidance of a comparable store sales increase in the high single to low double digits. Full Article
Christopher & Banks Corp Comments On Q4 2012 Comparable Store Sales Guidance
Christopher & Banks Corp announced that for fourth quarter of 2012, it expects A high-single to low-double digit increase in comparable store sales. Full Article
Christopher & Banks Corp Announces Appointment of LuAnn Via as President and Chief Executive Officer
Christopher & Banks Corp announced that the Board of Directors has elected LuAnn Via as the Company’s President and Chief Executive Officer and as a member of its Board effective upon her first day of employment, which is anticipated to be November 26, 2012. As previously announced by the Company, Mr. Waller will continue in a consulting capacity through June 30, 2013, in order to ensure a smooth transition. Full Article
Christopher & Banks Corp Comments On Q3, Q4 2012 Same-Store Sales Guidance
Christopher & Banks Corp announced that for the third and fourth quarter of 2012, it expects positive same-store sales. Full Article
Christopher & Banks Corp Issues Q2 2013 Revenue Guidance Above Analysts' Estimates
Christopher & Banks Corp announced that for second quarter of 2013, it expects sales to be $102 million to $103 million, as compared to sales of $105.6 million for the comparable period last year, despite operating on average 113, or 14%, fewer stores during the quarter as compared to the same period last year. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $85 million for second quarter of 2013. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of Christopher & Banks Corp Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the Board of Directors of Christopher & Banks Corp (CBK or the Company) regarding possible breaches of fiduciary duties and other violations of law related to the Company`s receipt of a proposal from Aria Partners (Aria) to acquire all of the outstanding shares of the Company`s common stock in a transaction valued at approximately $64.2 million. The investigation concerns the Company`s Board of Directors` process for consideration of the proposed transaction, whether CBK is acting in its shareholders` best interests and whether the proposed consideration to be paid to CBK`s shareholders would be fair and adequate. Full Article
Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Christopher & Banks Corp
Levi & Korsinsky announced that it is investigating the Board of Directors of Christopher & Banks Corp (CBK or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the receipt of a merger proposal from Aria Partners (Aria). On May 21, 2012, CBK rejected a merger proposal from Aria. In a July 3, 2012 letter to the CBK Board, Aria made a second offer of $1.75 per share. The investigation concerns whether the CBK Board of Directors is acting in the best interest of shareholders by rejecting Aria`s original offer and allegedly refusing to engage in meaningful conversation with Aria. In their letter to the CBK Board, Aria alleges that its attempts to do a consensual deal have been rebuffed. The offer price represents a 50% premium over the current CBK share price. Full Article
Christopher & Banks Corp Elects Peter Michielutti As Senior Vice President, Chief Financial Officer
Christopher & Banks Corp announced that Peter Michielutti will be joining the Company on April 23, 2012 as Senior Vice President, Chief Financial Officer (CFO). Full Article
BRIEF-Christopher and Banks up in extended trading
NEW YORK, March 13 - Christopher & Banks Corp : * Shares up 6.5 percent in extended trading after results
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