Christopher & Banks Corp. To Accelerate Occupancy Cost Savings - Quick Facts

(RTTNews) - Christopher & Banks Corp. (CBK) announced the engagement of a national third-party real estate consulting firm specializing in lease restructuring to accelerate and increase occupancy cost savings. The targeted goal of the engagement is annualized savings of between $4 million and $7 million.

The company also reiterated its full year guidance. For fiscal 2019, the company continues to expect: net sales growth of 2% to 3%; and gross margin expansion of 300 to 350 basis points.

The company also announced that its Board has nominated Allison Wing as a director-nominee for election at the 2019 Annual Meeting of Stockholders. Wing is currently the Chief Marketing/Digital Officer for Bright Health, a health insurance company.