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June 10, 2014
12:19 EDTNWY, CBK, ANN, CHS Christopher & Banks rallies after better than expected results
Shares of women's retailer Christopher & Banks (CBK) are rising after the company's first quarter quarter results topped analysts' consensus estimates, and it confirmed it was on track to deliver on its three-year growth plan. WHAT'S NEW: This morning, Christopher & Banks reported Q1 earnings per share of 7c and revenue of $103.4M, topping estimates of 2c and $103.23M, respectively. Q1 same store sales fell 0.2%. WHAT'S NOTABLE: The company forecast Q2 SSS up in the low to mid single digit range and approximately 100 to 150 bps of gross margin improvement, as compared to the comparable prior year period, largely driven by improved merchandise margins. LuAnn Via, President and CEO, commented, "Looking ahead, additional opportunities to enhance our merchandise offering, further engage our customer and broaden our reach with our marketing programs are expected to result in continued improvement in store productivity. We also plan to accelerate our MPW strategy and end the year with approximately 190 locations in this format, as these stores continue to deliver strong returns. Overall, we are well-positioned to meet our financial goals for the year, and are on track to deliver on our three-year growth plan.” PRICE ACTION: In early afternoon trading, Christopher & Banks rose 70c, or 10.53%, to $7.35 on nearly three times its average daily trading volume. Including today's advance, the stock is up approximately 4% over the past 12 months. OTHERS TO WATCH: Other women's retailers include Chico's FAS (CHS), which is up almost 9% after announcing it was exploring a sale to private equity firms, Ann Inc (ANN), and New York & Company (NWY).
News For CBK;CHS;ANN;NWY From The Last 14 Days
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January 12, 2015
09:26 EDTANNUBS events at 17th Annual ICR XChange Conference
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09:19 EDTANNMorgan Stanley events at 17th Annual ICR XChange Conference
Company Meetings to be held at the 17th Annual ICR XChange Conference in Orlando, Florida on January 12-13.
07:58 EDTCBKChristopher & Banks Q4 update encouraging, says Brean Capital
Brean Capital said the Q4 update from Christopher & Banks was encouraging, as results are trending in-line with expectations. The firm believes the company results validate the merchandise initiatives put into place over the past couple of years. Brean Capital reiterated its Buy rating and $7 price target on Christopher & Banks shares.
07:35 EDTCHSNational Retail Federation to hold a trade show
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07:07 EDTNWYNew York & Co sees Q4 adjusted operating results to be breakeven-slight loss
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07:06 EDTNWYNew York & Co. reports holiday period SSS down 0.9%
Comparable store sales for the nine week period ended January 3 decreased 0.9%, in-line with the Company’s previously disclosed guidance in the company’s third quarter press release dated December 3, 2014.

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