Brief: Christopher & Banks Corp Announces Extension Of Temporary Store Closures

CB Wind-Down

31/03/2020 12:39

March 31 (Reuters) - Christopher & Banks Corp  CBKC.PK :
    * CHRISTOPHER & BANKS CORP SAYS ANNOUNCES EXTENSION OF
TEMPORARY
STORE CLOSURES UNTIL GOVERNING OFFICIALS INDICATE IT IS SAFE TO
REOPEN
    * CHRISTOPHER & BANKS CORP SAYS IMPLEMENTS FURLOUGHS FOR ALL
STORE
ASSOCIATES AND OVER 60% OF REMAINDER OF ITS WORKFORCE
    * CHRISTOPHER & BANKS CORP SAYS EMPLOYEES ON FURLOUGH WILL
CONTINUE TO RECEIVE EMPLOYEE BENEFITS
    * CHRISTOPHER & BANKS CORP SAYS SUSPENDS ABOUT $3 MILLION IN
PLANNED CAPITAL EXPENDITURES
    * CHRISTOPHER & BANKS - CORPORATE EMPLOYEES AND MANAGEMENT
WILL
RECEIVE TEMPORARY BASE SALARY REDUCTIONS BEGINNING WITH 20% AND
UP TO 50% FOR CEO
    * CHRISTOPHER & BANKS CORP SAYS BOARD HAS ALSO AGREED TO A
SUBSTANTIAL REDUCTION IN RETAINER FEES

Source text for Eikon:  ID:nBw6dVLQMa 
Further company coverage:  CBKC.PK 

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