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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)