AMENDMENT TO AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

Exhibit 10.1

AMENDMENT TO

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

THIS AMENDMENT (the “Amendment”), dated effective as of September 22, 2005, is made and entered into to amend the Amended and Restated Executive Employment Agreement, dated as of March 1, 2002 (the “Employment Agreement”), by and between Christopher & Banks Corporation, a Delaware corporation (the “Company”), and Joseph E. Pennington (the “Executive”).

WITNESSETH:

WHEREAS, the Company and the Executive entered into the Employment Agreement which provides for a four-year term ending on February 28, 2006; and

WHEREAS, the Company desires to continue to employ the Executive beyond the initial four-year term and the Executive wishes to accept such continued employment with the Company upon the terms and conditions set forth in this Amendment.

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements herein contained, the Company and the Executive agree as follows:

1.             Amendment.  The Employment Agreement shall be amended as provided in this Amendment.  Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Employment Agreement.

2.             Term.  Section 2.1 of the Employment Agreement is hereby deleted in full and replaced as follows:

“2.1        Unless terminated at an earlier date as otherwise provided herein, the term of the Executive’s employment hereunder shall be for a period ending on August 31, 2006.”

3.             Duties.   Section 3.1 of the Employment Agreement is hereby amended by inserting the following at the end of the paragraph:

“The parties acknowledge that from March 1, 2006 to August 31, 2006, Executive intends to fulfill his duties, in part, from Denver, Colorado; provided however, Executive shall continue to spend at least fifty percent of Executive’s time at the Corporation’s headquarters.”

4.             Compensation.  The first paragraph after the table at the beginning of Section 4.1 of the Employment Agreement which discusses the Executive’s annual base salary after February 28, 2006 shall be deleted in full and replaced as follows:

EXECUTION COPY — PENNINGTON