Christopher & Banks Receives Continued Listing Standards Notice from NYSE and Announces Intention to Submit a Continued Listing Plan

Christopher & Banks Corporation (NYSE:CBK), a specialty women’s apparel
retailer, announced today that the Company received a Continued Listing
Standards Notice (the “Notice”) from the New York Stock Exchange
(“NYSE”) on June 14, 2018 because (i) the Company’s 30-day trading
average closing price is less than $1.00; and (ii) the Company’s average
market capitalization over a consecutive 30 trading-day period was less
than $50 million and its reported stockholders’ equity was slightly less
than $50 million.

The Company intends to submit a plan to the NYSE by July 29, 2018
demonstrating how it intends to regain conformity with each of the
continued listed standards within the applicable cure period provided
under the NYSE rules.

The Company’s common stock continues to trade on the NYSE. The current
noncompliance with the standards described above does not affect the
Company’s ongoing business operations or its reporting requirements with
the Securities and Exchange Commission.

About Christopher & Banks

& Banks Corporation is a Minneapolis-based national specialty
retailer featuring exclusively designed privately branded women’s
apparel and accessories. As of June 15, 2018, the Company operates 462
stores in 45 states consisting of 314 MPW stores, 79 Outlet stores, 36 Christopher
& Banks stores, and 33 stores in its women’s
plus size clothing division CJ
Banks. The Company also operates the www.christopherandbanks.com
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
expressions. 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
statements. 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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