Market Overview

Christopher & Banks Announces Extension of $50 Million Secured Credit Facility to 2023


Christopher & Banks Corporation (NYSE:CBK), a specialty women's apparel
retailer, today announced it has extended, on substantially the same
terms, its current senior secured revolving credit facility (the
"Amended Credit Facility") in the amount of up to $50 million with Wells
Fargo Capital Finance ("Wells"), part of Wells Fargo & Company (NYSE: WFC). The Amended Credit Facility provides committed revolving funding
through August 3, 2023, as the prior facility was scheduled to expire in
September 2019. The Amended Credit Facility includes an additional $5
million FILO ("first-in, last out") tranche.

Keri L. Jones, President & Chief Executive Officer of Christopher &
Banks, commented, "We are very pleased to have extended our credit
facility through 2023. We also very much appreciate the support we
received from Wells and value their business relationship. Although we
do not have any outstanding borrowings under this facility, the
available funds will provide additional support for us as we execute on
our operating and strategic plans."

The amount of credit that is available under the Amended Credit Facility
is determined as a percentage of the value of eligible inventory and
credit card receivables as reduced by certain reserves, all as more
fully described in the Amended Credit Facility. The funds from the
Amended Credit Facility may be used for working capital, issuance of
letters of credit, capital expenditures and other corporate purposes.

Additional information regarding the Amended Credit Facility will be
available in a Current Report on Form 8-K to be filed by the Company
with the Securities and Exchange Commission on or prior to August 9,

About Christopher & Banks

& Banks Corporation
is a Minneapolis-based national specialty
retailer featuring exclusively designed privately branded women's
apparel and accessories. As of August 6, 2018, the Company operates 461
stores in 45 states consisting of 313 MPW stores, 79 Outlet stores, 36 Christopher
& Banks
stores, and 33 stores in its women's
plus size clothing
division CJ
. The Company also operates the
eCommerce website.

Keywords: Christopher & Banks, CJ Banks, Women's Clothing, Plus
Size Clothing, Petites, Extended Sizes, Outfits.

Forward-Looking Statements

Certain statements in this press release may constitute
forward-looking statements, made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995, which reflect
our current views with respect to certain events that could have an
effect on our future performance. The forward-looking statements relate
to expectations concerning matters that are not historical facts and may
use the words "will", "expect", "anticipate", "plan", "intend",
"project", "believe", "should", "drive" "in order to" and similar
Except for historical information, matters discussed
in this press release may be considered forward-looking statements.

These forward-looking statements are based largely on information
currently available to our management and our current expectations,
assumptions, plans, estimates, judgments and projections about our
business and our industry, and are subject to a number of uncertainties
and risks, as well as assumptions that, if they do not fully materialize
or prove incorrect, could cause the Company's future performance and
financial results to differ materially from those expressed or implied
by the forward-looking statements.
We cannot guarantee their
accuracy or our future performance, and there are a number of known and
unknown risks, uncertainties, contingencies, and other factors (many of
which are outside our control) that could cause actual results to differ
materially from those expressed or implied by such forward-looking
Accordingly, there is no assurance that our
expectations will, in fact, be achieved or that our estimates or
assumptions will be correct, and we caution investors and all others not
to place undue reliance on such forward-looking statements.

Important factors that could cause actual results to differ
materially from estimates or projections contained in the
forward-looking statements include, but are not limited to, those
factors described in Item 1A, "Risk Factors" and in the "Forward-Looking
Statements" disclosure in Item 7 "Management's Discussion and Analysis
of Financial Condition and Results of Operations" of our latest annual
report on Form 10-K.
All forward-looking statements that are made
or attributable to us are expressly qualified in their entirety by this
cautionary notice.
The Company does not undertake to publicly
update or revise its forward-looking statements even if experience or
future changes make it clear that projected results expressed or implied
in such statements will not be realized.

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