Women’s clothing retailer Christopher & Banks Corp. has hired Berkeley Research Group for financial advice and B. Riley Financial Inc. for investment banking services after racking up years of losses, Bloomberg News reported. The chain, which caters to women over 40, is exploring options including a potential sale or bankruptcy filing. The Plymouth, Minn.-based company is scheduled to report third-quarter earnings Thursday. The company’s first store opened in Minneapolis in 1956 as Braun’s Fashions. It now operates 450 locations in 44 states.
