By 1812Blockhouse

A national chain with a location in Delaware County is the most recent in a string of retailers to shut down in the wake of the COVID-19 pandemic.

Christopher & Banks, a national retailer of women’s clothing, has filed for bankruptcy on Thursday in New Jersey and is expected to close most if not all of its locations.

The company recently announced third quarter sales that resulted in a $10.8 million loss. In a press release, the company said,

“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.”

As of the posting of this story, there has been no announcement of closing sales on the Christopher & Banks/Polaris Fashion Place Facebook Page.

The chain was founded in 1956 in Minneapolis as Braun’s Fashions. It adopted its current name in 2000.

Sources: Press Release, Wikipedia; Image by Kimberly Stevens from Pixabay

Become a 1808Delaware Newsroom Partner and support
independent media in Delaware County. Details here.

You May Also Like

Ribbon Cutting To Mark Opening Of New Chase Bank Branch In Sunbury

On January 28, a new and larger branch of Chase Bank is…

Get Your Gluten-Free Baked Goods Right Here

By 1808Delaware We here at 1808Delaware have always had a good feeling…

Delaware Council To Consider CRA For Downtown Building Investment

On Tuesday evening, Delaware City Council will consider approval of a Community…

An Oh-So-Sweet Indulgence Arrives At Polaris Mall

The highlight of this location is the European-style hot and frozen hot chocolate bar.