Christopher & Banks Corporation announced unaudited consolidated earnings results for the third quarter and thirty nine weeks ended November 3, 2018. For the quarter, the company reported net sales of $91,288,000 compared to $98,468,000 for the same period a year ago. Operating loss was $8,757,000 compared to $1,539,000 for the same period a year ago. Net loss was $8,817,000 compared to $1,622,000 for the same period a year ago. Basic and diluted loss per share was $0.24 compared to $0.05 for the same period a year ago.

For the thirty nine weeks, the company reported net sales of $264,607,000 compared to $273,642,000 for the same period a year ago. Operating loss was $21,297,000 compared to $12,956,000 for the same period a year ago. Net loss was $21,562,000 compared to $13,199,000 for the same period a year ago. Basic and diluted loss per share was $0.58 compared to $0.36 for the same period a year ago.

The company provided earnings guidance for the fiscal 2019. The company expects net sales to increase 2% to 3% as the result of expanded omnichannel capabilities, enhancements to the overall product assortment, and more impactful marketing promotions to drive customer file growth.

The company reported impairment of long-lived assets of $2,999,000 for the third quarter ended November 3, 2018.

The company also announced that Carmen Wamre will be joining the company on December 10, 2018 as Senior Vice President, Chief Stores Officer. Ms. Wamre brings more than 28 years of retail experience to the company including 19 years as Zone Vice President, Express Inc.