Christopher & Banks Corporation (CBK) 2009年年度报告「NYSE」.pdf

1、2009 annual reportCJ BanksStore LocationsTotal Stores Nationwide267*Christopher&BanksStore LocationsTotal Stores Nationwide548*Store locations as of February 28,2009.missy petite&moresize 14&moremissy petite&moresize 14&moredear shareholder,We faced unique and unprecedented challenges this past fisc

2、al year,as economic conditions,particularly in the second half of the year,influenced the discretionary spending and behavior of our customers.In the face of these challenges,we continued to make strides in strengthening our infrastructure and taking the strategic steps needed to position the Compan

3、y for the future.Our fiscal 2010 initiatives will put the Company in a stronger long-term position to drive sales and become more profitable.We continue to remain true to our brands-offering compelling merchandise assortments that fit our customers needs,style,versatility and comfort with a strong q

4、uality value proposition.Lorna NaglerPresident&CEO1.Building financial strength Cost controls Inventory management Cash preservation2.Value messaging and brand differentiation Enhancing customer loyalty Increasing efficiency in database management3.Small market focus Increasing store productivity4.G

5、rowing our plus size market share5.Expanding our e-Commerce business5 Key InitiativesLorna NaglerPresident&CEOToday,more than ever,value is important.And here at Christopher&Banks and CJ Banks,were committed to delivering it with the style and special touches you love.Our commitment to value is as s

6、trong as our commitment to you,a loyal customer and friend.Our commitmentto you.We scrutinized our entire business model and in response implemented a number of SG&A cost reductions.As a result,we expect to achieve more than$15 million in SG&A savings this year.Our supply chain has been analyzed fro