Christopher & Banks posted a net loss of $4.1 million in the fourth-quarter, Pioneer Press reports. That's down significantly from its loss of $53.2 million in the same quarter a year ago.
Twin Cities Business says the struggling Plymouth-based women's apparel retailer reported an 18.5 percent surge in same-store sales. Revenue also climbed about 10 percent to $116 million.
"We are delighted with the continued momentum in our business in the fourth quarter due to the ongoing execution of our strategic initiatives," President and CEO LuAnn Via said in a news release. "Our customers responded very favorably to our well-balanced merchandise offering, improved value proposition and enhanced marketing programs. I'm proud of the work our team has done; however, we are only in the fourth inning, and we intend to continue to build upon this foundation to drive sustainable long-term sales and earnings growth."
CEO Via, the former CEO of Payless Shoes, joined Christopher & Banks last fall.