Christopher & Banks

Christopher & Banks is an American retail company based in the Minneapolis suburb of Plymouth, Minnesota that specializes in women's clothing for the age 40-60 demographic. Joel Waller was named President in December 2011, and replaced Larry Barenbaum as CEO in February 2012.

History

The chain was founded in 1956 as Braun's Fashions in Minneapolis. It became a publicly traded company in 1992, and was re-branded as Christopher & Banks in 2000. Also in 2000, the chain founded a second brand, CJ Banks, which is a plus-size clothing store.

In November 2004 Christopher & Banks acquired the Acorn Stores chain and operated it as a third retail concept. Christopher & Banks announced on July 31, 2008 that they intended to close Acorn and followed through with this plan, closing all 36 Acorn stores by the end of the year.

On April 4, 2005, The Company restated its consolidated statements of income for the fiscal years ended March 1, 2003 and February 28, 2004, as well as for interim periods within the fiscal year ended February 26, 2005, to present the amortization of construction allowances as a reduction of rent expense instead of a reduction of depreciation expense.