Profile: Christopher & Banks Corp (CBK.N)

Christopher & Banks Corporation, incorporated in 1986, is a retailer of women’s apparel, which operates retail stores through its wholly owned subsidiaries. As of April 22, 2011, the Company operated 770 stores in 46 states, including 509 Christopher & Banks stores, 245 C.J. Banks stores, nine dual-concept stores and seven outlet stores. It also operates e-Commerce Websites for each of its brands at www.christopherandbanks.com and www.cjbanks.com. During the fiscal year ended February 26, 2011 (fiscal 2011), the Company’s merchandise included women’s apparel generally consisting of knit tops, woven tops, jackets, sweaters, skirts, denim bottoms and bottoms made of other fabrics. In addition, it carried collections of petite styles online and in approximately 350 of its Christopher & Banks stores. It also began offering jewelry in all stores during the fiscal 2011 and expanded the assortment.

The Company’s Christopher & Banks brand offers distinctive fashions featuring designed, coordinated assortments of women’s apparel in sizes 4 to 16 in its 509 stores and on its Website at www.christopherandbanks.com. In addition, petite sizes are offered in approximately 350 of its Christopher & Banks stores and online. The Company’s C.J. Banks brand offers similar assortments of women’s apparel in sizes 14 to 26 in its 245 stores and on its Website at www.cjbanks.com. The Company’s dual-concept stores and outlet stores offer an assortment of both Christopher & Banks and C.J. Banks apparel servicing the petite, missy and plus size customer in one location. The casual lifestyle brand fashions sold by Christopher & Banks and C.J. Banks are typically suitable for both work and leisure activities and are offered at moderate price points. The target customer for Christopher & Banks and C.J. Banks generally ranges in age from 45 to 55 and is typically part of the female baby boomer demographic.