ORCHARD PARK, N.Y. (WIVB) – A woman’s clothing chain, Coldwater Creek, is going out of business after apparently failing to find a buyer.
Coldwater Creek has a store in Orchard Park and a dozen stores across New York State, as well as a very active online business. The firm will be winding things down and start liquidation sales soon.
Coldwater tried to find a buyer over the past six months but came up short. The firm lost nearly $60 million in thirst three quarters of the fiscal year and hasn’t turned an annual profit since 2007.
Coldwater Creek started as a catalog business and currently operates about 350 stores.