Coldwater Creek Net Income Up Slightly

Share this content:
Coldwater Creek Inc., Sandpoint, ID, reported yesterday that net income in the three-month period ended May 3 increased $500,000, or 35.4 percent, to $1.9 million, compared with $1.4 million during the comparable period last year. Net sales jumped 8.4 percent to $115.2 million from $106.2 million.


Net sales from the Direct Segment, which includes the catalog and e-commerce businesses, fell 0.1 percent to $81.9 million from $82 million.


Catalog net sales increased 0.2 percent to $46 million from $45.9 million while e-commerce net sales dropped 0.5 percent to $35.9 million from $36.1 million.


Gross profit totaled $45.1 million, or 39.2 percent of net sales, compared with $45 million, or 42.3 percent of net sales, for the fiscal 2002 first quarter.


Income from operations reached $3 million, or 2.6 percent of net sales, compared with income from operations of $2.4 million, or 2.2 percent of net sales, in 2002.


Active customers, defined as those who purchased merchandise from the company via any of its three sales channels during the past 12 months, increased to 2.61 million during the three months ended May 3 from 2.46 million last year. Also, catalogs mailed fell to 29.99 million from 31.77 million.


close

Next Article in Multichannel Marketing

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above