As pandemic stay-at-home orders loosened, Christopher & Banks was able to open stores and continue to gain more online customers. Still, store traffic has been lighter than before the coronavirus hit the U.S.
Company leaders, though, said Friday the uncertainty of the industry and the closure of some competitors could ultimately play in the chain's favor.
The Plymouth-based women's apparel chain saw sales fall nearly 30% in May, June and July compared with the same period a year ago. The retailer lost $15.1 million during the quarter ended Aug. 1.
But Christopher & Banks still performed better than it did during the outset of the pandemic, when sales were down more than 50%.
"Leveraging the strong foundation that we built and the strategic plan we advanced over the course of the last two years, we were able to move quickly to adapt to the changes brought on by the COVID-19 pandemic," said Keri Jones, the retailer's chief executive, in an earnings call Friday.
During the quarter, the company worked on managing inventory, minimizing expenses and growing its cash reserves.
A bright spot was the nearly 71% growth in the company's e-commerce sales as some customers shopped online for the first time.
The company has made several recent digital-sales improvements, including offering store pickup, creating an online outfitting tool and launching Facebook pages for individual stores.