News Flash

Coldwater Creek net income up 60% in Q1 2005

26 May '05

6 min read

liquidity
at the end of the fiscal 2005 first quarter, the company had no short or long-term debt and a cash position of $116.5 million compared with a cash position of $54.6 million at the end of the fiscal 2004 first quarter. the company's working capital increased to $119.6 million at the end of the fiscal 2005 first quarter from $58.3 million at the end of the fiscal 2004 first quarter. the cash and working capital amounts for the fiscal 2005 first quarter include the net proceeds of $42.1 million from the company's public stock offering completed in may 2004. inventory increased $23.7 million, or 42 percent, to $80.6 million at the end of the fiscal 2005 first quarter from $56.9 million at the end of the fiscal 2004 first quarter.

this increase is primarily attributable to the addition of 48 full-line retail stores since the
end of the fiscal 2004 first quarter.

coldwater creek is an integrated multi-sales channel retailer of women's apparel, jewelry, footwear, gift items and accessories through a growing number of full-line retail stores located across the country, an internet site at http://www.coldwatercreek.com and direct-mail catalogs.

Coldwater Creek

More Coldwater Creek Inc News... More Apparel/Garments News - United States Of America...