By  on December 2, 2008

Higher-than-expected cuts in costs helped Coldwater Creek Inc. shrink its third-quarter loss and beat analysts’ expectations despite sharp declines in sales.

The Sandpoint, Idaho-based retailer posted a net loss of $1.3 million, or 1 cent a diluted share, compared with a loss of $6.2 million, or 7 cents, in 2007. Revenue declined 15.8 percent to $228.5 million from $271.2 million. Analysts had projected a loss of 8 cents a diluted share on sales of $225.3 million.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus