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Coldwater Creek founder CEO to retire

Women's apparel retailer Coldwater Creek Inc said its co-founder and Chief Executive Dennis Pence will retire, effective December 31.The company named Jill Brown Dean, current president and chief merchant, as the new CEO.Pence will continue as the chairman of the board until January 1, 2014, Coldwater Creek said.The company reported a smaller-than-expected quarterly loss, helped by higher comparable premium retail store sales and improved margins.Coldwater Creek has been posting losses for more than two years. It has been losing out to larger rivals such as Chico's FAS and Ann Taylor Stores Corp as it struggles with lackluster merchandise and waning traffic.Coldwater Creek shares were up 3 percent at $5.00 after the bell. They closed at $4.87 on the Nasdaq on Wednesday.(Reporting by Ranjita Ganesan in Bangalore; Editing by Supriya Kurane)...

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  1. Ann Taylor Discounts Hurt Profit at Parent Company

    Women's clothes retailer Ann Inc posted a smaller quarterly profit as its struggling Ann Taylor chain had to resort to deep discounts to help move clothes and access...

  2. Ann Inc. Down 8% On Warning, Exec's Exit

    Women's clothing retailer Ann Inc. was down 8% after the company wawrned that it would report fiscal fourth-quarter results would fall short of its previous estimate...

  3. Ann Taylor 3Q Net Tops Views, Shares Rally

    NEW YORK -- Women's clothing retailer Ann Taylor Stores Corp. said Friday that its fiscal third-quarter profit surged to $24.2 million, or 41 cents a share, from $2....

  4. Spruced-up work clothes lure shoppers to Ann Taylor

    * Shares up 2 percent (Adds CEO comments, analyst comments, updates shares)By Phil WahbaNEW YORK (Reuters) - Women's clothing retailer AnnTaylor Stores Corp said qua...

  5. AnnTaylor sees rebound at namesake chain

    * Shares up 0.8 percent (Adds Internet sales, margins, buyback, store closings)NEW YORK (Reuters) - Women's clothing retailer AnnTaylor Stores Corp said quarterly sa...

  6. Ann Taylor Reports 2Q Profit on Higher Sales

    Ann Taylor Stores Corp. (NYSE:ANN) reported Friday a second-quarter profit from a year-ago loss, driven primarily by 20% sales growth in its core brand.The women’s a...

  7. Ann Taylor profits as sales soar at namesake chain

    NEW YORK (Reuters) - AnnTaylor Stores Corp reported a quarterly profit Friday as sales rebounded sharply at the women's clothing retailer's namesake stores and it so...

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