Christopher & Banks announced bankruptcy on Thursday, and signs the storefront in Uptown Aberdeen, formerly known as the Aberdeen Mall, offered items 40% to 60% off. American News photo by Trent Abrego
ABERDEEN, S.D. (By Trent AbregoWomen’s retailer Christopher & Banks filed for bankruptcy on Thursday, and closing signs appeared in the store’s windows in Uptown Aberdeen, formerly known as the Aberdeen Mall.
The Watertown store is also closing, according to an employee. It’s in the Watertown Mall.
When the stores will close is not yet known.
Christopher & Banks expects to close most if not all of its brick-and-mortar store and has started a store closing and liquidation process, according to a news release.
Signs at the Aberdeen store read “Everything on sale” and “Nothing held back” and offered 40-to-60% discounts on everything.
The company also announced that it plans to continue to “operate its business in the ordinary course in the near term.”
“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,” Keri Jones, president and CEO, said in the release. “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.”