CWTR: Coldwater Creek to File for Bankruptcy

by Karl Utermohlen | April 1, 2014 6:52 pm

CWTR: Coldwater Creek to File for Bankruptcy

Coldwater Creek (CWTR[1]) is on the verge of filing for bankruptcy.

3376599823 704992ba8e z 300x225 CWTR: Coldwater Creek to File for Bankruptcy[2]
Source: Flickr[3]

The women’s retailer has been struggling[4] with declining sales that have led to a high debt load. Coldwater Creek’s decision to file for bankruptcy mirrors the broader industry as several retailers have been struggling lately.

The company has been struggling for months and it tried to avoid bankruptcy through several means. Coldwater Creek tried refinancing itself or selling itself to a private-equity buyer but none of these attempts came to fruition.

The retailer’s debt load is up to about $353 million out of which about $180 million lie in current liabilities.

More Bankruptcy News

Endnotes:
  1. CWTR: http://studio-5.financialcontent.com/investplace/quote?Symbol=CWTR
  2. [Image]: http://investorplace.com/wp-content/uploads/2014/04/3376599823_704992ba8e_z.jpg
  3. Flickr: https://www.flickr.com/photos/12955301@N03/3376599823/in/photolist-69nXuk-7MU4g5-6DjaBt-e7E43g-hZBk1E-mm3U5a-5b4gtx-5TLgwf-aBHLoS-5aWLQn-a7sgkc-61zHAU-5bDAcU-5bziNp-daYx5E-4KTjm7-58kDx-bkKxAd-58kxE-58kvr-58krw-58ktt-9GVRTS-9kmAe6-9xCiij-9suWXv-aiqJbs-4bjhWE-4bft94-4bfVDR-4bf6hK-9MQ6WM-a9vog7-ePt686-daP35a-daP38e-ePFMX9-daP3bp-daP5qh-daP3vT-daP3jV-daP3pT-daP5EQ-daP5PQ-daP5tS-daP5yN-daP3yv-rZhhY-afcjyG-mm39R8-7N3XoA
  4. has been struggling: http://online.wsj.com/news/articles/SB10001424052702304157204579473421239410210
  5. 4 Restaurants That Could Join Sbarro in Bankruptcy: http://investorplace.com/2014/03/4-restaurants-join-sbarro-bankruptcy/#.UztC8le9Z8E
  6. Report: Brookstone Plans to File for Bankruptcy: http://investorplace.com/2014/03/report-brookstone-plans-file-bankruptcy/#.UztC9Fe9Z8E
  7. Toasted Sub Chain Quiznos Files for Chapter 11 Bankruptcy: http://investorplace.com/2014/03/quiznos-files-chapter-11-bankruptcy/#.UztC9Ve9Z8E

Source URL: http://investorplace.com/2014/04/coldwater-creek-bankruptcy/
Short URL: http://invstplc.com/Pg1tRT