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Another brick-and-mortal retailer has been irreparably hurt by the COVID-19 pandemic.
Chris Mosby, Patch Staff
Chris Mosby, Patch Staff
OHIO — Another brick-and-mortar chain has filed for bankruptcy due to the pinch of the COVID-19 pandemic and the ascendancy of online retailers.
The Christopher & Banks Corporation announced it plans to close most, if not all, of its stores. There are currently 449 Christopher & Banks stores in 44 states, including 31 in Ohio.
"Since the start of the COVID pandemic, we have taken aggressive steps to protect our business while continuing to serve our customers in a healthy and safe environment," Keri Jones, the company's president and CEO, said in a news release.
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Christopher & Banks has launched a store closing and liquidation process but did not reveal specific details or a timeline. The company says it will continue normal operations in the near term.
"Despite the tremendous advancements we have made in executing our strategic plan, due to the financial distress resulting from the pandemic and its ongoing impact, we elected to initiate this process and pursue a potential sale of the business in whole or in part to position the Company for the future. I want to extend my deepest gratitude to our dedicated associates, loyal customers and supportive partners for their commitment to Christopher & Banks throughout these challenging times."
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The company remains in "active discussion" with potential buyers of its website.
Here are the 31 stores currently open in Ohio:
- Bainbridge Township
- Beavercreek (three locations)
- Burbank
- Canton
- Chillicothe
- Columbus
- Dublin
- Fairfield Township
- Findlay
- Heath
- Jeffersonville
- Lancaster
- Lima
- Mansfield
- Mason
- Mentor
- Monroe
- New Philadelphia
- Niles
- North Olmsted
- Perrsyburg (two locations)
- Piqua
- Sandusky
- Springfield
- St. Clairsville
- Sunbury
- Wooster
- Youngstown
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