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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	1/4/2002 8:57:33 AM
From: Jim Spitz	Read Replies (1) of 37746

Christopher & Banks has better-than-expected December sales Published Jan 4 2002 Christopher & Banks Corp. said Thursday that sales at stores open at least a year, known as same-store sales, increased 6 percent in December. The Plymouth-based women's clothing retailer had expected its monthly same-store sales gain to be in the 3 to 5 percent range. While many apparel chains struggled through the holiday season, Christopher & Banks found strong customer demand and was able to limit markdowns. "Our December performance was paced by robust sweater sales, with items featuring winter scenes or patriotic themes selling particularly well," Chairman and CEO Bill Prange said in a prepared statement. The chain's same-store sales increase would have been 9.5 percent had it not been for a fiscal calendar shift that included more post-Christmas shopping days this year, compared with 2000. Christopher & Banks total December 2001 sales jumped 34 percent, to $39.8 million. Its stock Thursday closed at $34.39, down 14 cents. -- Melissa Levy © Copyright 2002 Star Tribune. All rights reserved.

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