Women's apparel chain Coldwater Creek Inc on Wednesday posted a sharp rise in third quarter net income to $5.7 million from $1.6m in the year-ago period amid higher sales.

The Idaho-based company said net sales for the 13 weeks to November 30 increased 8.5 per cent to $153.8m from $141.7m last year.

CEO Dennis Pence said he sees fourth quarter net sales of $112m to $115m with the quarter being only two months long due to a change in its fiscal year and added he expects fiscal 2004 sales of $515m to $525m.