Contact Us

Idaho Company Coldwatter Creek Files Bankruptcy Protection

Ingram Publishing

SANDPOINT, Idaho — The women’s clothing retailer Coldwater Creek has filed for Chapter 11 bankruptcy protection after failing to find a potential buyer or a source of capital to help fund its turnaround efforts.

 

The retail chain said it spent the past six months evaluating its options, but that its declining financial liquidity, tough retail conditions and its inability to find other viable options drove it to file for bankruptcy protection.

Coldwater Creek’s stores are still open and selling clothing and other goods to shoppers, as is its website.

The company said Friday that it expects to start sales to liquidate inventory in early May. It plans to hold going out of business sales in the coming months.

Coldwater Creek Inc. is getting $75 million in debtor-in-possession financing from existing lender Wells Fargo to help it wind down its business.

More From News Radio 1310 KLIX

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://newsradio1310.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on News Radio 1310 KLIX quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on News Radio 1310 KLIX quickly by logging in with your Facebook account. It's just as secure, and no password to remember!