Office Hours

Coldwater Creek selects a woman to head the company, starting Jan. 1

Sandpoint women's clothing retailer Coldwater Creek did an interesting thing on Wednesday. It appointed a woman as the next CEO.

The women's apparel retailer said its co-founder and CEO Dennis Pence will retire at the end of 2012.

Jill Brown Dean, the current president and chief merchandise buyer,  will take over as CEO on Jan. 1.

The company reported a smaller-than-expected third quarter loss, helped by higher comparable premium retail store sales and improved margins. In after hour trading Wednesday, the stock moved upward, approaching the $5 mark for the first time in a long while.

Normal Wednesday trading closed at $4.87 on the Nasdaq.

Coldwater Creek has been posting losses for more than two years. It has been losing out to larger rivals such as Chico's FAS  and Ann Taylor Stores Corp.




You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Office Hours

The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.






Sections


Profile

Contact the Spokesman

Main switchboard:
(509) 459-5000
Customer service:
(800) 338-8801
Newsroom:
(509) 459-5400
(800) 789-0029
Back to Spokesman Mobile