Coldwater Creek calling it quits

Coldwater Creek is going out of business
Coldwater Creek is going out of business

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.

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