Christopher & Banks (CBK) announced after the bell Tuesday that it now expects to report a comparable store sales increase in the high teens for the fourth quarter, compared to its previous guidance of an increase in the high single to low double digits.
Christopher & Banks gapped open higher Wednesday and rose during the first hour of trade. The stock closed up by 0.74 at $6.41 on strong volume and surged to a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.