Christopher & Banks Corporation (CBK) 2006年年度报告「NYSE」.pdf

1、2400 Xenium Lane North,Plymouth,Minnesota Fiscal 2006 Annual ReportFifty Year Anniversary1Fiscal 2006 was a positive year of transition for Christopher&Banks Corporation.After disappointing resultsin fiscal 2005,our efforts in fiscal 2006 focused on reinvigorating our brands,establishing more formal

2、operational processes and continuing our investment in experienced talent.We challenged the nature of ourcore business and built a foundation for strong improvements into fiscal 2007 and for long-term sustainedgrowth.Theimprovementwebegantoseeinourfiscal2006financialperformanceisencouraging.Ourprima

3、ryfocuslastyearwasonmerchandisemarginimprovement.Thismarginimprovementfueleda12.6%increaseinnetincomefrom$27.0millionto$30.4million.Dilutedearningspershareroseto$0.84.Netsalesincreasedforthe fiscal year by 11.8%to a record$490.5 million.Comparable store sales increased 1%,reversing themodest downwar

4、d trend of the two previous years.We remain debt free and finished the year with cash andshort-term investments of$92.4 million,an increase of more than$31 million over fiscal 2005.ReinvigoratingOurBrandsUnderstandingourcustomerisimperativetoensuringthatwehaveacompellingproductassortment,andwehave t

5、aken steps to improve our knowledge of her.Our three brands,while each distinctive,do have common attributes.All three serve baby boomer customerswith merchandise assortments reflective of her lifestyle.Each brand has a strong quality/value equation.Additionally,all have exceptional customer service

6、 as a hallmark.We expect our brands to continue to evolve,attracting new customers while retaining our existing customer base.Creating a diverse merchandise assortment is critical to sustained growth.During the year,we shiftedinventory dollars to merchandise categories where we believe there is sign