Overall traffic to remain challenging in holiday season - Coldwater
18 Oct '11
3 min read
• Total inventory at the end of the fiscal fourth quarter of 2011 to be down in the mid-to-high teens on a percentage basis as compared to the end of fiscal 2010.
Jill Dean, President and Chief Merchandising Officer stated, "Although it will take time to re-engage our customers, we are pleased to see early indications that they are reacting favorably to our new merchandise direction. As we look to the holiday season, we expect overall traffic to remain challenging; however, we believe our holiday product reflects even further improvements in color, print and pattern that resonate favorably with our customers."
Coldwater Creek is a leading specialty retailer of women's apparel, gifts, jewelry, and accessories that was founded in 1984 and is headquartered in Sandpoint, Idaho.