Nov 28 Women's apparel retailer Coldwater Creek
Inc said its co-founder and Chief Executive Dennis
Pence will retire, effective Dec. 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 Jan.
1, 2014, Coldwater Creek said.
The company reported a smaller-than-expected quarterly loss,
helped by higher comparable premium retail store sales and
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.