Women’s clothing chain Coldwater Creek has filed for bankruptcy and plans to liquidate its operations.
The Idaho retailer — which has Pittsburgh-area stores in Ross, Monroeville, Mt. Lebanon, Cranberry, Grove City and Erie —announced that it plans to start liquidation sales in early May. The company’s most recent quarterly report listed 343 traditional stores, 36 factory stores and 7 spas.
Coldwater Creek said it has been reviewing its options for the past six months and considered many options, including a sale of the company. But the company wasn’t able to find a buyer or a source of enough capital to turn the business around.
Read more: http://www.post-gazette.com/business/2014/04/11/Coldwater-Creek-files-for-bankruptcy/stories/201404110175#ixzz2ygqJfoxg