At the time of the latest announcement the company's chairman, Larry Barenbaum, said,
"We are excited to welcome Lorna Nagler as CEO of Christopher and Banks. Her experience in the women's specialty retailing industry and talent as a leader capable of building effective teams make her an outstanding choice to lead our Company as CEO. The Board of Directors shares my confidence in Lorna's ability to lead Christopher & Banks in today's retailing environment."Nagler will have a chance to work with a former associate at Lane Bryant. Back in June, Christopher and Banks hired Susan Connell as executive vice president and chief merchandise officer. Connell was hired to oversee sourcing, product development and other merchandising concepts for the company. Prior to being hired at Christopher and Banks, Connell was the senior vice president and general merchandising manager at Lane Bryant the same company Nagel came from. Hopefully, the two executives will be able to develop the right formula to turn the company around.
Keep a close eye on Nagel to see what she plans to do with the company. She has a difficult challenge ahead of her.