Christopher and Banks files for Chapter 11; Decorah store among closures

Christopher & Banks Corporation, a specialty women’s apparel retailer, has announced it will close a “significant portion, if not all,” of its stores nationwide. 

Christopher & Banks Corporation, a specialty women’s apparel retailer, has announced it will close a “significant portion, if not all,” of its stores nationwide. This includes the Decorah location at 915 Short Street.
The company announced last week that it has filed voluntary petitions for relief under Chapter 11 bankruptcy. Christopher & Banks currently operates approximately 400 locations in 44 states. 
President and Chief Executive Officer Keri Jones stated, “Since the start of the COVID pandemic, we have taken aggressive steps to protect our business while continuing to serve our customers in a healthy and safe environment. Despite the tremendous advancements we have made in executing our strategic plan, due to the financial distress resulting from the pandemic and its ongoing impact, we elected to initiate this process and pursue a potential sale of the business in whole or in part to position the company for the future. I want to extend my deepest gratitude to our dedicated associates, loyal customers and supportive partners for their commitment to Christopher & Banks throughout these challenging times.” 
The liquidation process has begun and will continue through February.
According to the Christopher and Banks website, gift cards will no longer be issued and previously purchased gift cards can be redeemed through Friday, Feb. 12, at the close of business in stores. All purchases made since Thursday, Jan. 14, will be considered final.
Per corporate regulations, Decorah Newspapers was informed that local management is currently not available for further comment.

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