Christopher & Banks Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended February 2, 2019. For the quarter, the company reported net sales of $84,293,000 as compared to $92,265,000 for the same period last year. Operating loss was $10,985,000 as compared to $9,687,000 for the same period last year. Net loss was $11,277,000 as compared to $8,825,000 for the same period last year. Basic net loss per share was $0.30 as compared to $0.23 for the same period last year.

For the year, the company reported net sales of $348,900,000 as compared to $365,906,000 for the same period last year. Operating loss was $32,282,000 as compared to $22,643,000 for the same period last year. Net loss was $32,839,000 as compared to $22,024,000 for the same period last year. Basic net loss per share was $0.88 as compared to $0.59 for the same period last year.

The company expects sales to increase 2% to 3% for the year 2019 as the result of expanded omni-channel capabilities, enhancements to the overall product assortment, and more impactful marketing promotions to drive customer file growth.

For the quarter, the company reported impairment of long-lived assets of $1,385,000 as compared to $155,000 for the same period last year.