Bankrupt Christopher & Banks closing local clothing stores
Christopher & Banks Inc. (OMCMKTS: CBKC), a national chain of clothing retailers, is shuttering locations in Northern Colorado as the firm navigates a Chapter 11 bankruptcy.
Among the more than 400 nationwide store locations closing are:
- 4344 South College Ave., Fort Collins.
- 13801 Grant St., Thornton.
- 5855 Sky Pond Drive, Loveland.
- 5971 Sky Pond Drive, Loveland (CJ Banks).
About a dozen other Colorado locations, mostly around Denver and Colorado, are also closing.
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Retail inventory management firm Hilco Merchant Resources LLC is overseeing the closures and liquidation of inventory, according to a C&B news release.
Minnesota-based Christopher & Banks, which started as Braun’s Fashions in 1956, spent the last year working with investment-banking firm B. Riley Securities Inc. to find a way out of financial distress, brought about by the changing retail landscape and exacerbated by the COVID-19 pandemic, the Minneapolis Star Tribune reported this month.
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