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Ratings firm: Coldwater Creek close to bankruptcy (access required)

by Scott Ki

Published: November 28,2012

Tags: Andrew Burnstine, Coldwater Creek, GMI Ratings

A mathematical model shows that Idaho retailer Coldwater Creek has a high chance of going bankrupt in the next 12 months, according to GMI Ratings, a corporate governance and accounting research firm. But in Coldwater’s third quarter earnings call Nov. 28, executives also had encouraging news about the ailing company. Sandpoint-based Coldwater sells women’s clothing, accessories, jewelry ...
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