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Coldwater Creek(CWTR Quote) sank Friday after the retailer became the latest women's apparel chain to indicate that it failed to make waves during the holiday shopping season.
Shares of the Sandpoint, Idaho-based women's apparel retailer fell 12% after the company slashed its fourth-quarter earnings targets. Coldwater said it now expects earnings of 16 cents to 17 cents a share for the quarter ending Feb. 3, down from a previous guidance of 26 cents to 27 cents a share.
The company, which caters to baby boomer women, attributed the lower view to weak traffic. That, in turn, hurt sales of fashion-knit tops, moleskin pants, jewelry and accessories. ...
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