In an letter to its customers, President and CEO Jill Dean of Coldwater Creek, announced that the company will liquidate its assets because its business is not "sustainable." Coldwater Creek has filed for Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware, today, April 11, 2014. Don't look for Coldwater Creek stores or the company's Web site to close yet because the liquidation process will probably take several months.
Since Coldwater Creek has been listed as one of the top fashion shopping destinations for petites for the past several years, it might be a good idea for petites who like to shop at Coldwater Creek to check on the inevitable sales that will come in the next several months because there could be some good bargains to be had.
