Coldwater Creek H1 net income soars 60.5%, ups FY outlook
24 Aug '06
4 min read
The company opened 13 premium retail stores during the fiscal 2006 second quarter for a total of 196 premium retail stores in operation at the end of the fiscal 2006 second quarter, compared with 136 premium retail stores at the end of the fiscal 2005 second quarter.
Direct segment net sales increased 23.4 percent to $72.6 million in the fiscal 2006 second quarter from $58.8 million in the fiscal 2005 second quarter. Direct segment net sales represented 33.5 percent of the company's total net sales in the fiscal 2006 second quarter, compared with 38.4 percent in the fiscal 2005 second quarter.
Direct segment net sales increased 21.9 percent to $159.3 million in the first six months of fiscal 2006 from $130.7 million in the comparable period last year. Direct segment net sales represented 36.9 percent of the company's total net sales in the first six months of fiscal 2006, compared with 42.3 percent in the same period a year ago.
Coldwater Creek is an integrated multi-sales channel retailer of women's apparel, jewelry, footwear, gift items and accessories through a growing number of premium retail stores located across the country.
marketing@alchempro.com
