Home / Knowledge / News / Apparel/Garments / Gordon & Hilco JV to manage Coldwater Creek Stores closure
Gordon & Hilco JV to manage Coldwater Creek Stores closure
12
May '14
A joint venture of Gordon Brothers Group and Hilco Merchant Resources announced that it will begin closing sales at all Coldwater Creek stores and on the company's website beginning Thursday, May 8th. Discounts on all merchandise will be offered on the entire inventory of women's apparel and accessories including the newest spring and summer styles.  
 
Coldwater Creek currently operates 365 retail locations across the United States in addition to its e-commerce channel. Fixtures, furniture and equipment from the stores, warehouse and corporate offices will also be available for sale.
 
Just in time for Mother's Day, substantial reductions off original prices will be taken on every item in every department, including new arrival tops, tanks, sweaters, skirts, jeans, shorts, shoes, handbags, jewelry and shapewear.
 
"Coldwater Creek has a very strong following among its customers and we hope they take advantage of the great savings that will be available throughout the sale," Bob Grosskopf, Co-President of Gordon Brothers Group's Retail Division stated.
 
Cory Lipoff, principal at Hilco Merchant Resources, said, "Coldwater Creek is a truly iconic brand and consumers are encouraged to save while selection is best.  Because of the compelling discounts and spectacular assortment of merchandise, we expect this will be a short sale.  In addition, Coldwater Creek gift cards will be honored throughout the sale."
 
"We thank our many customers and dedicated employees for their tremendous loyalty over the years and are very proud of our associates' commitment to maintaining our award winning customer service and positive shopping experience we are known for throughout this transition," said Jim Bell, Chief Financial Officer, Coldwater Creek.
 
About Coldwater Creek
Coldwater Creek has been a leading specialty retailer of women's apparel, jewelry and accessories for thirty years. The Company was founded in 1984 in Sandpoint, Idaho, and sells its merchandise through premium retail stores across the country, as well as through catalog and e-commerce channels. The Company is known for its distinctive style, including vibrant and colorful palettes and its signature looks. Coldwater Creek currently operates approximately 365 retail stores throughout the U.S.
 
About Gordon Brothers Group
Founded in 1903, Gordon Brothers Group is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, and operatingbusinesses for extended periods. Gordon Brothers Group conducts over $50 billion worth of transactions and appraisals annually.
 

Gordon Brothers Group


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search