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Stock Market & Financial Investment News

News Breaks
June 10, 2014
12:19 EDTCBK, CHS, ANN, NWY 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
Check below for free stories on CBK;CHS;ANN;NWY the last two weeks.
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September 17, 2014
10:00 EDTANNOn The Fly: Analyst Initiation Summary
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September 16, 2014
16:26 EDTANNAnn Inc. initiated with a Neutral at Wedbush
Target $43.
09:29 EDTANNAnn Inc. leveraged buyout makes sense in low-$50 range, says Janney Capital
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September 15, 2014
09:17 EDTANNAnn Inc. responds to Engine Capital and Red Alder
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06:52 EDTANNEngine Capital, Red Alder urge Ann to announce strategic alternatives review
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September 9, 2014
09:04 EDTANNMorgan Stanley views a potential IPO of Ann Inc. as unattractive
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