Ups and Downs For Coldwater

Net sales for women’s apparel cataloger/retailer Coldwater Creek increased 17.1%, to $253.5 million for the second quarter ended Aug. 4. But net income for the Sandpoint, ID-based merchant tumbled 27.6%, to $8.7 million. Same-store sales decreased 6%. Net sales from the company’s retail segment rose 23.5%, to $177.7 million. Catalog/Internet net sales increased 4.5%, to $75.8 million up from $72.6 million. Specifically, Internet sales increased 9.8%, to $54.8 million, but catalog sales slipped 7.3%, to $21.0 million. “While we are disappointed with our second quarter earnings, revenue was in line with our expectations,” CEO Coldwater Creek Dennis Pence said in a release. “As communicated in the previous quarter, we were prepared for the possibility of continued low-traffic trends and the challenges of a highly promotional environment in the specialty apparel retail sector.”

Partner Content

3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Build the Foundation for Great Customer Experiences - NetSuite
Understand how consistent, timely, relevant and personalized experiences are enabled by having the right technology foundation in place.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.