USA: Coldwater Creek Doubles Q1 Earnings
The Idaho-based company, which also posted a rise in sales from $115.2m to $124.5m for the quarter, attributed the improved results to a shift in business strategy from catalogues to retail stores.
"Our retail store performance increased our ability to leverage store occupancy costs, which, coupled with improved merchandise margins, delivered the higher net income," CEO Dennis Pence said in a statement.
At the end of the first quarter, Coldwater Creek operated 71 full-line retail stores, compared with 44 at the same time a year ago.
Help test our new apparel sourcing tool.
- Outlook 2017 – What next for apparel sourcing?
- $1.7bn package to boost Pakistan clothing exports
- Outlook 2017 – What else is the industry watching?
- Mexico riots hit apparel retailers and shipments
- Is China about to burst its apparel trade bubble?
- M&S quality focus finally lifts clothing sales
- MAS Holdings planning second industrial park
- Sri Lanka on track to regain EU GSP+ benefits
- 22 dos and dont's – When sourcing goes wrong
- Aéropostale to reopen 500 stores across the US
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022
- Outdoor performance apparel 2016: A broader perspective
- Anti-odour clothing: fresh fashion for an active lifestyle
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar