The Minneapolis-based company announced Thursday it filed for Chapter 11 in the United States Bankruptcy Court for the District of New Jersey. Chistopher & Banks said in a news release it “expects to close a significant portion, if not all, of its brick-and-mortar stores.”
Christopher & Banks authorized store closing sales to be conducted by Hilco Merchant Resources. The store closing process has begun at more than 400 stores nationally.
The company said it launched a “store closing and liquidation process” and “is in active discussion with potential buyers” for the sale of its online business and related assets.
On Wednesday, the Dayton Daily News reported Yankee Candle at the Beavercreek Mall will close on Monday.
Last week, Macy’s and Bed Bath & Beyond confirmed 2021 store closings. J.C. Penney announced in December it would close additional stores.
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