Christopher & Banks Corporation Reports August Sales Results

Christopher & Banks Corporation Reports August Sales Results

MINNEAPOLIS, Sept. 1 /PRNewswire-FirstCall/ -- Christopher & Banks Corporation (NYSE:CBK) today reported total sales for the four-week period ended August 27, 2005 rose 13% to $33.6 million from $29.8 million last year, while same-store sales increased 1%.

For the second quarter ended August 27, 2005, total sales increased 15% to $110.8 million from $96.4 million last year, while same-store sales rose 3%. For the six months ended August 27, 2005, total sales increased 17% to $233.5 million from $199.0 million last year while same-store sales increased 3%. As of August 27, 2005, the Company operated 674 stores compared to 585 stores at August 28, 2004.

Bill Prange, Chairman and Chief Executive Officer, commented, "We are encouraged by the initial customer response to our new fall merchandise. Our inventory continues to be conservatively managed. We finished the quarter with a 4% decline in year-over-year in-store inventory per square foot and are well positioned for the fall selling season."

The Company plans to report second quarter results after the market closes on September 20, 2005.

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women's clothing. The Company currently operates 674 women's specialty stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn. The Company currently has 487 Christopher & Banks stores, 166 C.J. Banks stores and 21 Acorn stores.

This release contains forward-looking statements regarding future performance of the Company. The achievement of such results is subject to certain risks and uncertainties, including changes in economic, market and weather conditions, the effect of consumer tastes and spending habits, the realization of expected economies gained through the use of private label and direct import merchandise, management of growth and other factors outside the Company's control, including factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management's analysis only as of the date hereof.

The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

Source: Christopher & Banks Corporation

CONTACT: Bill Prange, Chairman and Chief Executive Officer of
Christopher & Banks Corporation, +1-763-551-5000; or Investor Relations,
Melissa Myron, or Rachel Albert, both of Financial Dynamics, +1-212-850-5600,
for Christopher & Banks Corporation

Web site: http://www.christopherandbanks.com/

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