Christopher & Banks with multiple mall locations files for bankruptcy

Christopher & Banks with multiple mall locations files for bankruptcy

Women’s apparel chain Christopher & Banks is shutting down all its stores in the US post the retailer filed for bankruptcy this week. 

The company, based in Minneapolis, which has around 400 locations across 44 states said that it is shutting down a major portion of its locations, including The Greene Town Center, Mall at Fairfield Commons, Fairfield and Springfield Townships and the Cincinnati Premium Outlets. 

On Thursday, Christopher & Banks announced that it has filed for Chapter 11 bankruptcy due to financial distress caused by the pandemic and its prevailing impact.

Hilco Merchant Resources will be conducting the company’s authorized store shutting sales. Christopher & Banks’ store closing procedure has started at its stores nationally.

According to the company, it has launched the store closure and liquidation procedure and is holding active discussions with the potential buyers for selling its digital business and associated assets. 

The Dayton Daily News, on Wednesday, reported that Yankee Candle store located at Beavercreek Mall would shut down on Monday.

Notably, this is not the first retailer to have filed for bankruptcy in the US. Macy’s and Bed Bath & Beyond confirmed 2021 closings of its store. JC Penney said in December that it will shit additional stores.