August 30, 2012 in Business

Coldwater Creek

Sandpoint women’s apparel retailer
Stock symbol: CWTR
Reporting period: 2Q

Loss of $17.6 million

(14 cents per share)

Versus 2011 2Q:

Loss of $27.7 million

(30 cents per share)

Revenue: Total sales, of $163.7 million, were affected by 12 store closures since the end of the second quarter of fiscal 2011.
Analysis: CEO Dennis Pence said that “comparable store sales results were in line with our expectations as we made the decision to significantly reduce our promotional activity primarily in the month of June.”

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