Christopher & Banks Corporation (CBK) 2017年年度报告「NYSE」.pdf

1、2017 ANNUAL REPORTI am very pleased to have joined Christopher&Banks and appreciate the Boards support and confidence in electing me as your new President and CEO.I joined the Company because of its unique position in an underserved market,its highly loyal customer and established brand.While I am w

2、ell aware of the challenges the business currently faces,I strongly believe that there is a path to long-term success for our brand and to which we are firmly committed.Fiscal 2017 was a year of transition in a volatile retail environment.For Fiscal 2017(a 53-week period),net sales were$365.9 millio

3、n as compared to$381.6 million for Fiscal 2016(a 52-week period).Operating losses and net losses for Fiscal 2017 were$22.6 million and$22.0 million as compared to$18.7 million and$17.8 million in Fiscal 2016,respectively.The loss per share in Fiscal 2017 was($0.59)as compared to($0.48)in Fiscal 2016

4、.While these results fell short of the objectives the Company set at the beginning of the year,progress was made on several initiatives during Fiscal 2017 that we can build upon in Fiscal 2018.These include continued growth in eCommerce sales;positive same-store sales for Outlets;stabilization in ou

5、r customer file;and a more appropriate mix of fashion versus core product.The Board,our senior leadership team and I are committed to driving improved financial performance in Fiscal 2018.Since joining Christopher&Banks in mid-March I have been impressed by a number of aspects of our Company includi

6、ng a significant and growing eCommerce business,our highly loyal customer base and a team that is passionate about our brand and committed to serving the Christopher&Banks customer.Finally,and very importantly,the technology investments that we have made in assortment planning and allocation,POS and