Sandpoint, Idaho -- Coldwater Creek Inc. narrowed its second quarter loss to $16.4 million from a year-earlier loss of $17.6 million. Revenue was down 8.5% to $149.7 million, below the $163 million...
Seeking to expand its West Coast presence, national chain Vitamin Shoppe said Monday it's reached a deal to buy the assets of Seattle-based competitor Super Supplements for about $50 million in cash. Vitamin Shoppe, a specialty retailer of nutritional products based in North Bergen, N.J., expects to complete the purchase by the end of the month. It operates 17 stores in the Northwest, while Super Supplements has 31 locations in Washington, Oregon and Idaho.
Coldwater Creek announced that Dennis Pence, its co-founder, chairman of the board and CEO, will retire as CEO effective Dec. 31. Commensurate with this announcement, Coldwater Creek's board of directors appointed the company's president and chief merchandising officer, Jill Brown Dean, as president and CEO, effective Jan. 1, 2013.
Sandpoint, Idaho -- Private equity firm Golden Gate Capital has provided Coldwater Creek with a five-year, $65 million senior secured term loan. The retailer also announced the completion of an amendment to its $70 million revolving credit facility with Wells Fargo Capital Finance, which matures on May 16, 2016. “We are pleased to announce this strategic investment and partnership with Golden Gate Capital, which is a strong endorsement of our brand and turnaround strategy, and provides us with further financial flexibility to complete our near term business objectives and accelerate our growth plans,” said Dennis Pence, chairman and CEO
Coldwater Creek announced that it's promoted Jim Bell to the position of executive vice president, chief operating officer, a newly created position. Bell will be responsible for information technology, real estate, distribution and logistics, planning and allocation, and finance, and will continue to serve as the company's chief financial officer.
_ SANDPOINT, Idaho, Oct. 18, 2011 (GLOBE NEWSWIRE) -- Coldwater Creek Inc. today announced that it intends to offer to sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. In connection with the offering, the Company expects to grant the underwriter a 30-day option to purchase additional shares of common stock. All of the shares will be offered by the Company. The Company intends to use the net proceeds of the offering for working capital and other capital expenditures, which may include investments in its marketing strategy and supply chain, as