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Christopher & Banks Corporation Announces Closing of Corporate Headquarters Sale-Leaseback Agreement

April 30, 2018 at 6:30 AM EDT

MINNEAPOLIS--(BUSINESS WIRE)--Apr. 30, 2018-- Christopher & Banks Corporation (NYSE:CBK) today announced that it has closed on its agreement with a private, unaffiliated investor group to sell and lease back its Plymouth, MN corporate headquarters for a purchase price of $13.65 million.

About Christopher & Banks

Christopher & Banks Corporation is a Minneapolis-based national specialty retailer featuring exclusively designed privately branded women’s apparel and accessories. As of April 30, 2018, the Company operates 462 stores in 45 states consisting of 314 MPW stores, 79 Outlet stores, 36 Christopher & Banks stores, and 33 stores in its women’s plus size clothing division CJ Banks. The Company also operates the www.ChristopherandBanks.com eCommerce website.

Keywords: Christopher & Banks, CJ Banks, Women’s Clothing, Plus Size Clothing, Petites, Extended Sizes, Outfits.

Source: Christopher & Banks Corporation

Christopher & Banks Corporation
Marc Ungerman, 763-551-5000
Interim Chief Financial Officer and Vice President, Controller
or
Investor Relations:
ICR, Inc.
Jean Fontana, 646-277-1214