Clothing retailer goes bankrupt; Destiny USA store closing
Updated Jan 22, 2021;
Posted Jan 22, 2021
Christopher & Banks is holding a store-closing sale at its location in the Destiny USA mall in Syracuse. Rick Moriarty | rmoriarty@syracuse.com
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Syracuse, N.Y. A specialty women’s apparel retailer has filed bankruptcy and will close its more than 400 stores across the U.S., including its location at Destiny USA.
Christopher & Banks Corp. filed for relief under Chapter 11 of U.S. Bankruptcy Code on Jan. 14, saying it planned to close a “significant portion, if not all, of its brick-and-mortar stores.” Since then, it has begun store closing sales at all its 449 stores in 44 states.
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The Moorhead Center Mall s Christopher & Banks Facebook page posted a shorter message on Saturday, Jan. 16, thanking customers and adding, “We are starting the liquidation and wind-down process. Stop in and say GOOD LUCK.” Christopher & Banks/CJ Banks brand as a whole was substantially impacted over the past year due to the pandemic, and their business was not able to make it through. They were a great brand for West Acres, but will be closing their doors nationwide as part of their bankruptcy, Niki DiConcini, director of marketing and events for West Acres, said an email reply to The Forum. Retail has not been immune to the effects of the pandemic. Although we anticipate more store changes in the coming year, we have maintained strong interest from some long-requested retailers, and are confident that West Acres has a bright future beyond this time of adaptation and change., DiConcini wrote. In addition to Athleta opening next month and Sephora sometime this fall, we look
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Mashantucket Christopher & Banks Corp., a Minneapolis-based specialty women’s apparel retailer, announced Thursday it has filed for Chapter 11 bankruptcy and will close many of its stores nationwide, including one in the Tanger Outlets at Foxwoods Resort Casino and two others in Connecticut.
“The company expects to close a significant portion, if not all, of its brick-and-mortar stores and, in connection therewith, the Company has launched a store closing and liquidation process,” the company said in a news release. “The Company, however, will continue to operate its business in the ordinary course in the near term, and . is in active discussion with potential buyers for the sale of its ecommerce platform and related assets .”