20 January 2014 (11:38 UTC-07 Tango)/18 Rabi ‘al-Awwal 1435/30 Dey 1392/20 Gui-Chou (12th month) 4711

The Sandpoint based women’s clothing retailer Coldwater Creek is shutting down a store in the NorthPark Mall in Davenport, Iowa.   It’s all part of their plans to layoff at least 100 employees in 2014.

In December 2013, company officials stated they had shutdown 50 stores since 2011.  They also said they are adopting the Sears Holdings plan of action, as leases expire stores will close: “the actual number and timing of planned store closures depends on a number of factors that cannot be predicted, including among other things the future performance of our individual stores and negotiations with our landlords“-Third Quarter of Fiscal 2013 Operating Results

NASDAQ has given Coldwater Creek until 01 July 2014 to get its stock price back above $1 USD per share, or the company will be de-listed from the stock exchange.  Being de-listed will allow stock holders to buy and sell Coldwater Creek shares anywhere, not just the NASDAQ.  It could be possible to buy a share for less than one penny!

Company officials also said they are halting all quarterly “guidance” until their financial situation becomes more “predictable”.   That’s funny, because it is very predictable, as in 13 consecutive quarterly losses!  I predict sales will continue to go down.