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Chain with 2 stores in Lincoln declares bankruptcy, likely to go out of business
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Chain with 2 stores in Lincoln declares bankruptcy, likely to go out of business

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Christopher & Banks

Christopher & Banks, which has two stores in Lincoln, has declared bankruptcy and said it may close all its stores.

Across the U.S., Americans are eager to get back to the way things were pre-pandemic, including shopping. A look at how the retail industry is bracing for its comeback.

Christopher & Banks is the latest retailer to file for bankruptcy, and it may be going out of business.

The women's apparel chain said Thursday it filed voluntary petitions for Chapter 11 in U.S. Bankruptcy Court for the District of New Jersey.

Christopher & Banks said it has launched a store closing and liquidation process as it is in active discussion with potential buyers and expects to close a large portion, if not all, of its stores.

However, later in the day it sent out a news release saying closing sales had begun at all its locations nationwide.

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Christopher & Banks has two stores in Lincoln, one at both Gateway Mall and SouthPointe Pavilions. It has 12 additional stores in Nebraska.

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The retailer joins a long list of national and regional chains, including Younkers, Shopko, Toys 'R' Us, Jos A. Bank, Catherine's, Justice, Lane Bryant, Gordmans, Pier 1 and Forever 21, that have closed up shop in Lincoln over the past two or three years.

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