Women's apparel store in Tanger Outlets at Foxwoods will close
Mashantucket — Christopher & Banks Corp., a Minneapolis-based specialty women’s apparel retailer, announced Thursday it has filed for Chapter 11 bankruptcy and will close many of its stores nationwide, including one in the Tanger Outlets at Foxwoods Resort Casino and two others in Connecticut.
“The company expects to close a significant portion, if not all, of its brick-and-mortar stores and, in connection therewith, the Company has launched a store closing and liquidation process,” the company said in a news release. “The Company, however, will continue to operate its business in the ordinary course in the near term, and ... is in active discussion with potential buyers for the sale of its ecommerce platform and related assets ...”
In the release, Keri Jones, the company’s president and chief executive officer, said “the financial distress resulting from the (COVID-19) pandemic and its ongoing impact” prompted the bankruptcy filing.
Christopher & Banks Corp. operates 449 stores in 44 states. In addition to the one in the Tanger Outlets, its Connecticut stores are in the Westbrook Outlets and South Windsor.
All merchandise in the stores being closed is for sale at 40% to 60% off the original price, according to the company's release. Attempts to reach Tanger Outlets at Foxwoods management were unsuccessful.
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