UPDATE 1-Christopher & Banks February same-store sales fall

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March 6 (Reuters) - Women's-apparel chain Christopher & Banks Corp (CBK.N: Quote, Profile, Research) posted a 5 percent fall in February same-store sales, and estimated its fourth-quarter loss to be at or slightly below the lower end of its prior outlook, sending its shares down more than 14 percent.

"February results were disappointing as customer traffic continued to be light," CEO Lorna Nagler said.

The company, which operates 837 stores under the names Christopher & Banks, C.J. Banks and Acorn, said its Acorn division results were below its expectations. It currently has 37 Acorn stores.

Total sales fell nearly 16 percent to $29.5 million for the four-week period ended March 1.

For the fourth quarter, total sales were down about 7 percent to $125.2 million, while same-store sales declined about 3.5 percent.

The Minneapolis-based retailer estimated that it will post a fourth-quarter loss at or slightly below the lower end of its loss forecast of 5 cents to 7 cents a share, before charges.

Analysts on average were expecting the company to post a fourth-quarter loss of 5 cents a share, before special items, on revenue of $125.9 million, according to Reuters Estimates.

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