Coldwater Creek Said to Plan Liquidation After Bankruptcy

Coldwater Creek, a women's clothing retailer that hasn't been profitable since 2007, is planning to liquidate its assets after a bankruptcy filing that may come as soon as today, according to two people with knowledge of the matter. The company received a so-called stalking horse, a minimum bid from parties that would sell off the retailer's assets to repay creditors, said the people, who asked not to be identified because the matter isn't public. The filing would come five months after Coldwater Creek said it was exploring strategic alternatives, including a sale.