"The solid first-quarter performance was due to positive customer response to full-price merchandise in all selling channels, supported by the ongoing success of our brand-building campaigns," said Dennis Pence, Chairman and CEO for Coldwater Creek.
"The initial reception to our bright color palette and fresh new styles for spring was very favorable and customer response remained strong throughout the first quarter," said Georgia Shonk-Simmons, President & CMO for Coldwater Creek.
Net sales from the retail segment, which includes the company's premium retail stores, resort stores and outlet stores, increased 53.5 percent to $128.6 million in the fiscal 2006 first quarter, from $83.8 million in the fiscal 2005 first quarter. Retail segment net sales represented 59.7 percent of the company's total net sales in the fiscal 2006 first quarter, compared with 53.8 percent in the fiscal 2005 first quarter.
The company opened nine premium retail stores during the fiscal 2006 first quarter for a total of 183 premium retail stores in operation at the end of the fiscal 2006 first quarter, compared with 119 premium retail stores at the end of the fiscal 2005 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 premium retail stores located across the country.
marketing@alchempro.com
