On 28 November 2012, women’s clothing retailer Coldwater Creek reported a loss of $20.5 million USD.  Investors were actually happy, because that was an improvement over the same quarter last year.

Coldwater Creek explained that their losses weren’t as bad as expected because sales actually went up, by 7.3% for same store sales.

Dennis C. Pence is stepping down as Chief Executive Officer, to be replaced by Jill Brown Dean (current Chief Merchandising Officer) on 01 January 2013.  Pence will stay on as Chairman, so actually no new blood is being added to the executive branch, so don’t expect any real changes.

A year ago Coldwater Creek had 366 stores, now it has 354.  They plan to close more stores throughout 2013.

According to GMI Ratings, Coldwater Creek is showing all the signs of going into bankruptcy within the next 12 months.