Coldwater Creek Announces Participation in the 12th Annual ICR XChange Conference and Reiterates Fourth Quarter 2009 Outlook
11 Janvier 2010 - 1:45PM
PR Newswire (US)
SANDPOINT, Idaho, Jan. 11 /PRNewswire-FirstCall/ -- Coldwater Creek
Inc. (NASDAQ:CWTR) today announced that the Company will be
participating in the 12th Annual ICR XChange Conference held at The
St. Regis Monarch Beach Resort & Spa in Dana Point, California
on Wednesday, January 13, 2010 at 10:55 a.m. Pacific Time. Dennis
Pence, Chairman, President and Chief Executive Officer will host
the presentation. The presentation will also be webcast live in the
Investor Relations section of the Company's website at
http://www.coldwatercreek.com/. Separately, the Company indicated
that comparable premium store sales increased approximately 8% for
the 9-week period from November 1, 2009 to January 2, 2010. This
performance was in-line with management's expectations and
reflected a continuation of the sales and margin trends we
experienced in the third quarter of 2009. The Company also noted
that it continues to expect fourth quarter fiscal 2009 loss per
share to be substantially improved from the fourth quarter fiscal
2008 loss per share of $0.20. The Company had previously expressed
this same expectation for its fourth quarter fiscal 2009 results
during its third quarter earnings conference call conducted on
November 24, 2009. The Company plans to report operating results
for the fourth quarter and fiscal 2009 year during the week of
March 1, 2010. Founded in 1984, and headquartered in Sandpoint,
Idaho, Coldwater Creek is a leading specialty retailer of women's
apparel, gifts, jewelry, and accessories. The company sells its
merchandise through premium retail stores across the country,
online at coldwatercreek.com and through its catalogs. CAUTIONARY
STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release
contains "forward-looking statements" within the meaning of the
securities laws, including statements relating to our expected
financial results for our fourth fiscal quarter. These statements
are based on management's current expectations and are subject to a
number of uncertainties, risks and assumptions that may not fully
materialize or may prove incorrect. As a result, our actual results
may differ materially from those expressed or implied by the
forward-looking statements. Important factors that could cause
actual results to differ materially from estimates or projections
contained in the forward-looking statements include, but are not
limited to: -- the inherent difficulty in forecasting consumer
buying and retail traffic patterns and trends, which continue to be
erratic and are affected by factors beyond our control, such as the
current macroeconomic conditions and the global credit crisis,
continuing margin pressure in the specialty retail marketplace, and
competitive conditions and the possibility that because of lower
than expected customer response, or because of competitive pricing
pressures, we may be required to sell excess inventory at lower
than expected margins, or at a loss; -- our potential inability to
recover the substantial fixed costs of our retail store base due to
sluggish sales; -- our potential inability to continue to fund our
operations solely with operating cash as a result of either lower
sales or higher than anticipated costs, or both; -- delays we may
encounter in sourcing merchandise from our foreign and domestic
vendors, including the potential inability of our vendors to
finance production of the goods we order; risks related to our
foreign sourcing strategy; and the possibility that foreign
sourcing may not lead to any reduction of our sourcing costs or
improvement in our margins; -- the effect of volatile energy costs
on various aspects of our business, including shipping,
transportation, merchandise acquisition and consumer spending; --
increasing competition from discount retailers and companies that
have introduced concepts or products similar to ours; --
difficulties encountered in anticipating and managing customer
returns and the possibility that customer returns will be greater
than expected; -- the inherent difficulties in catalog management,
for which we incur substantial costs prior to mailing that we may
not be able to recover, and the possibility of unanticipated
increases in mailing and printing costs; -- unexpected costs or
problems associated with our efforts to manage our expanding and
increasingly complex business, including our current efforts to
improve key management information systems and controls; -- the
risk that the benefits expected from our initiatives will not be
achieved or may take longer to achieve than we expect; and such
other factors as are discussed in our most recent Annual Report on
Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with
the U.S. Securities and Exchange Commission ("SEC"). You should not
place undue reliance on forward-looking statements, which are based
on current expectations and speak only as of the date of this
release. We are not obligated to publicly release any revisions to
forward-looking statements, and disclaim any intent or obligation
to update them to reflect facts or events occurring after the date
of this release. Contact: Lyn Walther, Divisional Vice President,
Investor Relations Phone: 208-265-7005 Web site:
http://www.coldwatercreek.com/ DATASOURCE: Coldwater Creek Inc.
CONTACT: Lyn Walther, Divisional Vice President, Investor Relations
of Cold Water Creek, +1-208-265-7005 Web Site:
http://www.coldwatercreek.com/
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