8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):  February 1, 2007

Christopher & Banks Corporation

(Exact Name of Registrant as Specified in Its Charter)

Delaware	001-31390	06-1195422
(State or Other Jurisdiction)	(Commission File Number)	(I.R.S. Employer Identification No.)
of Incorporation)
	2400 Xenium Lane North	55441
	Plymouth, Minnesota	(Zip Code)
	(Address of Principal
	Executive Offices)
Registrant’s telephone number, including area code: (763) 551-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure.

On February 1, 2007, Christopher & Banks Corporation (the “Company”) issued a press release disclosing material nonpublic information regarding the Company’s sales results for the five-week period ended January 27, 2007.  In the press release, the Company also updated its earnings estimate for the fourth quarter of fiscal 2007.

The press release issued on February 1, 2007 is furnished as Exhibit No. 99.1 to this Current Report on Form 8-K. The registrant’s reports on Forms 10-K, 10-Q and 8-K, and other publicly available information, should be consulted for other important information about the registrant.

The information in this Current Report on Form 8-K, including Exhibit No. 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liability of that section. The information in this Current Report shall not be incorporated by reference into any filing or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing or document.

Item 9.01	Financial Statements and Exhibits.
	(a)	Financial statements: None.
	(b)	Pro forma financial information: None.
	(c)	Shell company transactions: None.
	(d)	Exhibits:
		99.1	Press release issued by the Company on February 1, 2007.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Christopher & Banks Corporation
Date:  February 1, 2007	By:	/s/ Andrew K. Moller
		Andrew K. Moller
		Executive Vice President
		and Chief Financial Officer

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CHRISTOPHER & BANKS CORPORATION

FORM 8-K CURRENT REPORT

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press release dated February 1, 2007

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EX-99.1

Exhibit 99.1

2400 Xenium Lane North, Plymouth, MN 55441 · (763)551-5000 · Fax(763)551-5198 · www.christopherandbanks.com

FOR:	Christopher & Banks Corporation
APPROVED BY:	Andrew Moller
	Executive Vice President and Chief
	Financial Officer
	(763) 551-5000
CONTACT:	Investor Relations:
	Joe Teklits / Jean Fontana
	Integrated Corporate Relations
	(203) 682-8200

CHRISTOPHER & BANKS CORPORATION REPORTS
JANUARY SALES RESULTS

Minneapolis, MN, February 1, 2007 – Christopher & Banks Corporation (NYSE: CBK) today reported that total sales for the five-week period ended January 27, 2007 increased 4% to $39.0 million from $37.5 million last year.  January same-store sales declined 4%.

For the eleven months ended January 27, 2007, total sales increased 11% to $512.3 million from $461.6 million last year, while same-store sales increased 2%.  As of January 27, 2007, the Company operated 779 stores compared with 707 stores as of January 28, 2006.

Matt Dillon, President and Chief Executive Officer, commented, “In January we were aggressive in clearing through Holiday merchandise and continue to expect that we will finish the year with a clean and current inventory mix.  Our new spring merchandise will be arriving in our stores this week and we anticipate improved performance following the completion of our new floor set in mid February.”

As a result of aggressive markdowns leading to lower average unit retails, the Company currently expects that fourth quarter earnings per diluted share will range from $0.07 to $0.08 compared to $0.18 last year.

The Company also announced that it repurchased 203,600 shares of its common stock in January.  This brings the total number of shares purchased by the Company under its current $40 million repurchase program to 1,172,123.

About Christopher & Banks

Christopher & Banks Corporation is a Minneapolis-based specialty retailer of women’s clothing. The Company operates 779 stores in 45 states under the names: Christopher & Banks, C.J. Banks and Acorn.  The Company currently has 524 Christopher & Banks stores, 218 C.J. Banks stores and 37 Acorn stores.

This release contains forward-looking statements regarding the Company’s expectation of finishing the year with a clean and current inventory mix and its hope for improved performance following the completion of its mid February floor set.  The release also contains a forward-looking statement regarding the Company’s fourth quarter earnings guidance of $0.07 to $0.08  per diluted share. The achievement of such results is subject to certain risks and uncertainties and actual results may differ materially from those projected.  Such risk factors include, but are not limited to, adverse changes in economic, market and weather conditions,  shifts in consumer tastes and spending habits that result in decreased sales, failure to realize expected economies gained through the use of private label and direct import merchandise, problems in managing our growth and other factors outside the Company’s control, including factors discussed from time to time in the Company’s filings with the Securities and Exchange Commission.  Readers are cautioned not to place undue reliance on forward-looking statements, which reflect management’s analysis only as of the date hereof.  The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that may arise after the date hereof.

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