93.7% income Q2 increase at Coldwater Creek

24/08/2006

US-based women's apparel, footwear and accessories retailer Coldwater Creek Inc. has reported improved financial results for the three- and six-month periods ended July 29.

Net income for the three-month period increased $5.8 million, or 93.7% to $12 million compared with net income of $6.2 million for the corresponding period in 2005. Net sales in the second quarter increased 41.2% to $216.4 million from $153.3 million the previous year.

Net income for the six-month period ended July 29 increased $8.9 million, or 60.5%, to $23.6 million compared with net income of $14.7 million for the six-month period ended July 30. Net sales in the first six months increased 39.7% to $431.7 million from $308.9 million in the same period a year ago.