Type Public Industry Retail Products Women's clothing Number of locations 672 (March 2012) Parent organization Christopher & Banks | Traded as NYSE: CBK Founder Gil Braun CEO LuAnn Via (26 Nov 2012–) Founded 1956 | |
Key people Joel Waller, President and CEO Stock price CBK (NYSE) US$ 1.32 0.00 (0.00%)3 Mar, 4:02 PM GMT-5 - Disclaimer Headquarters Plymouth, Minnesota, United States Subsidiaries Christopher & Banks Inc, Christopher & Banks, Christopher & Banks, Inc., C.J. Banks, Inc. | ||
Christopher & Banks is an American retail company based in the Minneapolis suburb of Plymouth, Minnesota that specializes in women's clothing for the age 40-60 demographic. In 2012, LuAnn Via was named President and Chief Executive Officer, as well as a member of the Board of Directors.
History
The chain was founded in 1956 as Braun's Fashions in Minneapolis. It became a publicly traded company in 1992, and was re-branded as Christopher & Banks in 2000. Also in 2000, the chain founded a second brand, CJ Banks, which is a plus-size clothing store.
In November 2004 Christopher & Banks acquired the Acorn Stores chain and operated it as a third retail concept. Christopher & Banks announced on July 31, 2008 that they intended to close Acorn and followed through with this plan, closing all 36 Acorn stores by the end of the year.
On April 4, 2005, The Company restated its consolidated statements of income for the fiscal years ended March 1, 2003 and February 28, 2004, as well as for interim periods within the fiscal year ended February 26, 2005, to present the amortization of construction allowances as a reduction of rent expense instead of a reduction of depreciation expense.
In 2014, the company began phasing out CJ Banks stores, and combining the plus-size lines into Christopher & Banks stores. In cases where such stores were adjacent, the stores were combined into one larger store.