Skip to main content

Christopher & Banks closing 100 stores

The women's clothing company based in Plymouth says it plans to close the stores by the end of January and will also lay off employees at its corporate office.
  • Author:
  • Updated:
    Original:

The women's clothing company based in Plymouth says it plans to close the stores by the end of January and will also lay off employees at its corporate office.

Next Up

Anthony Edwards

Ant ejected, Wolves blow huge lead and lose to slumping Hawks

The Timberwolves missed another opportunity to get over .500.

Xcel Energy Center

NHL announces make-up dates for Wild postponements

The Wild will play 40 games in the final 77 days of the regular season.

the mayo clinic - edit

Group says Mayo should be 'severely punished' over research puppy's death

The puppy died two days after undergoing a procedure at a Mayo research facility.

FLickr - minneapolis police - Tony Webster - Feb 2020 - crop

Charges: Man kidnapped woman, sexually assaulted her at gunpoint

The suspect faces three separate felony charges.

mn state capitol january 17 2021

St. Cloud 'Boogaloo Boi' who discussed attack on MN Capitol gets 2 years

He was charged with illegally possessing a machine gun.

Chris Smith

Gophers add All-Ivy League D-tackle from Harvard

Chris Smith will be eligible immediately as a graduate transfer.

school bus

High school basketball team returns from game to find bus driver dead

Members of the girls team returned to the bus to find the driver unresponsive.

covid-19 testing site sign

Minnesota AG sues COVID testing site, alleging it sent false results

Sometimes the company didn't send people their results at all, the lawsuit alleges.

optum headquarters chad davis wikimedia commons

UnitedHealth Group says it made $287B last year, $24B of it profit

The corporation's Optum business represented a significant chunk of that total.

covid

Omicron may have already peaked in Minnesota

Reported cases lag what's happening in real time, so the newly reported cases over the next week or so will still be very high.

MnDot snow plow cam I-35 12-10-21

MnDOT reveals 50 snowplow name finalists

Voting is open through Wednesday, Jan. 26.

Related

Christopher & Banks closing 100 stores, 2 in Minnesota

The company says it will be closing its Albert Lea and merging its two locations in Roseville into one. Weak sales forced the women's clothing retailer to cut about 20 percent of its staff earlier this month.

Christopher & Banks rejects buyout

Aria Partners last Tuesday offered to buy Christopher & Banks for $1.75 per share, 51 percent more than the Plymouth-based company's stock closing price. The company rejected the deal Friday, suggesting that the "proposal does not reflect the full, long-term value stockholders are expected to receive from continued focus on the current strategy."

Christopher & Banks hires new CEO

Christopher & Banks has named veteran retail executive LuAnn Via to be its new president and chief executive officer, the Pioneer Press reports. Via was most recently the CEO of Payless Shoes. She will start her new role with the women's apparel company on Nov. 26. Via replaces Joel Waller, who took over when Larry Barenbaum left the struggling Plymouth-based retailer in February.

Investment firm urges Christopher & Banks to consider buyout offer

Boston-based Aria Partners, which owns 4 percent of the struggling Plymouth-based women's clothing retailer, has agreed to buy the company for $1.75 per share. Christopher & Banks “immediately dismissed” an offer Aria made last month.

At least 100 Sears, Kmart stores to close after poor holiday sales

Sears Holdings on Tuesday announced it would close 100-120 Sears and Kmart stores after a big slump in holiday sales from last year. The company hasn't yet identified which stores will close.

Best Buy closing 5 stores in Twin Cities

That includes stores in Edina, Brooklyn Center, Hutchinson, Lakeville and Rogers. Best Buy on Thursday announced it would close 50 of its big-box locations in total and lay off 400 corporate and support workers.

U.S. Bank closes U.C. Davis branch because of 'Occupy' protesters

The Minneapolis-based bank closed a branch at the University of California-Davis campus because of "several weeks of business interruption" that a spokeswoman said threatened the safety of employees and customers.

christopher and banks

Christopher & Banks considers selling or bankruptcy as sales struggle

The Plymouth-based women's retailer hasn't seen sales recover amid the pandemic.