REAL ESTATE

Christoper & Banks is taking a deep dive into its store portfolio.

The women’s apparel retailer said it has hired a leading national third-party real estate consulting firm specializing in lease restructuring to accelerate and increase occupancy cost savings. The chain, which has said it plans to close up to 40 stores by yearend, is looking for annualized savings of between $4 million and $7 million.

Christopher & Banks also reiterated its full-year guidance for fiscal 2019 based on the recent improvement in comparable sales trends and continued traction from ongoing initiatives. Christopher…