Coldwater Creek Inc., a women's wear retailer with hundreds of stores nationwide, said in bankruptcy filings that it plans to start liquidating the business with deep discounts pegged to Mother’s Day.
The Sandpoint, Idaho, company, which started with a catalog model in 1984, now has 334 retail stores, 31 outlet locations and seven day spas. California has 27 Coldwater Creek stores -- more than any other state except Texas.
In a Chapter 11 filing in federal bankruptcy court in Delaware, Coldwater Creek listed $278.5 million in assets and $361.3 million in debt.
Coldwater Creek has 339 employees in its corporate headquarters and more than 5,500 other workers throughout the...