Brownell Joins Coldwater Creek as Sr. Vice President/CIO
03 Novembre 2003 - 2:30PM
PR Newswire (US)
Brownell Joins Coldwater Creek as Sr. Vice President/CIO
Information Technology Expert Has 24-Year Career With Major
Retailers SANDPOINT, Idaho, Nov. 3 /PRNewswire-FirstCall/ --
Coldwater Creek today announced that James Brownell has been
selected for the position of Senior Vice President/Chief
Information Officer. Brownell brings broad-based industry
experience in multi-channel retailing, as well as building a
national retail brand. Brownell's career spans 24 years in the
specialty retail trade, where he held executive positions with
firms such as Gap Inc., Williams-Sonoma, J. Crew and Toys "R"
Us.com. He recently served as Senior Vice President/Chief
Information Officer for Williams-Sonoma, where he was responsible
for all information technology and systems development in the
company's 450 retail stores, as well as its $600 million direct
sales channel. Prior to that, Brownell held the post of Vice
President/Information Technology for Gap Inc., where he was in
charge of 300 employees who were responsible for supporting 2,500
retail stores, 14 domestic and international distribution centers,
and three electronic commerce retail divisions. "The addition of
James Brownell represents a significant milestone in our efforts to
build a retail-oriented management team," said Dennis Pence,
Chairman & Chief Executive Officer for Coldwater Creek. "His
experience with Fortune 500 retail companies made him the clear
choice for this key position." Coldwater Creek is an integrated
multi-channel retailer of women's apparel, jewelry, footwear, gift
items and accessories through a growing number of full-line retail
stores located in major metropolitan areas, an e-commerce web site
at http://www.coldwatercreek.com/ and direct-mail catalogs.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This
news release contains "forward-looking statements" within the
meaning of the securities laws, including statements regarding our
anticipated retail expansion. These statements are based on
management's current expectations and are subject to a number of
uncertainties and risks. Actual results may differ materially.
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,
unexpected or increased costs or delays in the development and
expansion of our retail chain and our potential inability to
recover these costs due to sluggish sales; our inability to
continue to fund our retail expansion with operating cash as a
result of either lower sales or higher than anticipated costs, or
both; uncertainties related to our shift to a triple-channel model,
in particular, the effects of shifting patterns of e-commerce or
retail purchases versus catalog purchases; and such other factors
as are discussed in our Form 10-Q Quarterly Reports and in our most
recent Form 10-K Annual Report filed with the U.S. Securities and
Exchange Commission. We encourage you to review these filings in
connection with this release. We believe that these forward-looking
statements are reasonable; however, 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 to reflect events after the date of this release.
CONTACT: David Gunter, Director of Corporate Communications &
Investor Relations of Coldwater Creek, +1-208-265-3944. DATASOURCE:
Coldwater Creek CONTACT: David Gunter, Director of Corporate
Communications & Investor Relations of Coldwater Creek,
+1-208-265-3944 Web site: http://www.coldwatercreek.com/
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