US clothing firm Coldwater Creek has posted a narrowed loss for the third quarter of the year, described as a disappointing quarter by the company's boss.

Net loss for the three-month period was $10.9m, compared with a net loss of $34.0m for the three-month period ended 31 October.

Net sales were $232.4m, compared with $266.7m in the fiscal 2009 third quarter.

"Our third quarter operating results were in line with the revised outlook we provided in mid October. This was a disappointing quarter for us as our fall merchandise assortment was not well received by our customers," said Dennis Pence, chairman and chief executive officer of Coldwater Creek. "On a positive note, we continued to tightly manage expenses with SG&A for the quarter down approximately $23m from the third fiscal quarter last year."

Click here to view the company's full third quarter report.