December 12, 2013 in Business

Coldwater Creek Inc. earnings report

 
Stock symbol:CWTR
Reporting period: 3Q
Earnings:

Loss of $23.8 million

(78 cents per share)

Versus 3Q 2012:

Loss of $20.5 million

(67 cents per share)

Revenue:$154.5 million. Earlier estimates projected $160 million in sales.
Analysis: President and Chief Executive Jill Dean said “swift action” early in the third quarter led to an adjusted holiday assortment, which has resulted in improved demand for full-priced items. The company closed one retail store, one factory store, and one spa in the third quarter, ending with 343, 36, and 7, respectively.

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