Christopher & Banks updates guidance for Q4

Christopher & Banks Corporation, a specialty women's apparel retailer, has announced that, based upon sales to-date, the company now expects to report a comparable store sales increase in the high teens for the fourth fiscal quarter as compared to the company's previous guidance of a comparable store sales increase in the high single to low double digits.

The company expects cash and cash equivalents at the end of the fourth fiscal quarter (February 2, 2013) to be in the range of $37 million to $38 million.

LuAnn Via, President and CEO, stated, "We are pleased with the improvement we have seen in comparable store sales, which is further evidence of the progress we are making in our turnaround strategy."