Coldwater Creek Cites Added Costs for Quarter, Year

Share this article:
Catalog company Coldwater Creek Inc. said yesterday that its earnings for the fourth quarter and fiscal year, which ended Feb. 27, were hindered by increased costs from additional mailings and from investments in infrastructure to handle anticipated growth.


The company also said it expected to sell its Milepost Four men's catalog during the first quarter. Coldwater said its core catalog, Northcountry, posted a strong year, partially offset by weak sales from Milepost and from its Spirit of the West women's catalog.


The company said its newest property, Bed & Bath, has shown great promise. Profits for the fourth quarter were basically flat at about $4.92 million, or 48 cents a diluted share, compared with $4.86 million, or 45 cents a share, in the year-ago fourth quarter. Sales for the recent period rose about 9.2 percent to $89.61 million, vs. sales of $82.06 million in the prior-year period. For the year the company said its profits were down about 8.6 percent to $10.69 million, or $1.02 per share, vs. $11.69 million, or $1.10 a share a year ago. Sales for the year grew about 31.8 percent to $325.23 million, vs. $246.7 million in the prior year.
Share this article:
close

Next Article in Multichannel Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in Multichannel Marketing

Metal Mulisha Races Towards Customization

Metal Mulisha Races Towards Customization

The motocross apparel company boosts mobile and Web conversions through product recommendations and personalized search.

Nielsen Allies With Pointlogic on Cross-Channel Planning

Nielsen Allies With Pointlogic on Cross-Channel Planning

Aim is to develop a "next generation" media planning tool.

If Only Engendering Loyalty Was as Easy as Clicking Your Heels

If Only Engendering Loyalty Was as Easy as ...

Rack Room Shoes combines data, research, and mobile email to deliver a high-heeled digital loyalty program.