These Chains Are Closing the Most Stores in 2021 moneywise.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneywise.com Daily Mail and Mail on Sunday newspapers.
Dive Brief:
Christopher & Banks president and CEO Keri Jones is leaving the apparel retailer, effective Friday, according to a securities filing.
Her resignation comes a little more than two weeks after Christopher & Banks sold its e-commerce business to an affiliate of Hilco Merchant Resources. Hilco has tapped iMedia Brands to run the online version of Christopher & Banks as well as launch a new shopping program on its television network.
Christopher & Banks filed for bankruptcy earlier this year with a plan to wind down its brick-and-mortar business and sell its digital unit.
Dive Insight:
Jones joined Christopher & Banks in 2018 after runs at Dick s Sporting Goods and Target as an executive with a background in merchandising and supply chain.
Christopher & Banks closing after 28 successful years at Thunderbird mall mesabitribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mesabitribune.com Daily Mail and Mail on Sunday newspapers.
BAKERS, litter pickers and members of a community podcast are just some of the Shaftesbury heroes that have been recognised for their work during the Covid-19 crisis. The town’s rotary club asked the public to nominate individuals who had gone that extra mile to support residents during the ongoing pandemic, and now a combination of individuals and groups have been acknowledged with certificates of appreciation. This includes Jenny Franks, pictured above, who baked cakes for the staff at Westminster Memorial Hospital and left anonymous biscuit deliveries for Shaftesbury ambulance workers, and Peter Cockburn, also pictured above, who delivered prescriptions and food shopping to people who were and are self isolating.
Janet Surma
Janet Surma | Tribune-Review
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Women’s clothing retailer Christopher & Banks is next in line to check out of the Pittsburgh Mills mall after the corporation announced Jan. 14 that it is filing for bankruptcy amid the covid-19 pandemic.
The company had been facing financial struggles several months before filing for bankruptcy. Christopher & Banks reported in December it had lost $10.8 million in the quarter that ended Oct. 31.
The company filed for Chapter 11 bankruptcy protection, which allows companies to reorganize its finances and move forward with the liquidation process. Christopher & Banks said it “expects to close a significant portion, if not all” of its 449 stores. The company also is talking with potential buyers regarding the sale of its eCommerce platform.