Another Store in the Crossroads Center Mall is Closing
Another one bites the dust at the dilapidated Crossroads Center Mall in Waterloo. This time it's Christopher & Banks. Headquartered in Plymouth, Minnesota, the company announced it had voluntarily filed for Chapter 11 Bankruptcy in a press release. Christopher & Banks specializes in women's clothing and, according to the Waterloo Cedar Falls Courier, they will be closing 400 of their stores.
Christopher & Banks operates 23 total stores in Iowa and 451 locations nationwide. The press release cites the impact of COVID-19 as a significant reason for the action and the ceasing of operations. Also mentioned, the U.S./China trade war and,
Our reliance on foreign sources of production... (and) the fundamental shifts in the retail industry and the competitive environment
According to the Courier article, the Waterloo location will be selling all its store fixtures, and online sales will continue with discounts found at a store level not being honored for online purchases.
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