Christopher & Banks closing
Nationwide chain declares bankruptcy
Women’s clothing retailer Christopher & Banks, which has one location in Fort Dodge at Crossroads Mall, announced Thursday that it filed for Chapter 11 bankruptcy.
The Fort Dodge store posted signs announcing its closure on Thursday. No final date for the business has been set yet.
The Minneapolis-based apparel chain, which caters to women over 40, said in a news release Thursday that it “expects to close a significant portion, if not all, of its brick-and-mortar stores.”
The Fort Dodge location started its liquidation process with liquidation company Hilco Merchant Resources, as evident by the going out of business signs announcing at least 40% off merchandise, for now. The chain is in discussion with potential buyers for its online platform.
“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,” said Keri Jones, president and CEO. “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.”
As of Monday, the company operated 449 stores in 44 states.
Local management declined to comment on the closure.