Sterne Agee Comments On Coldwater Creek Analyst Meeting

According to Sterne Agee, Coldwater Creek CWTR hosted an analyst meeting at its NYC Design Center with Jill Dean, newly appointed President and CMO, and Jerome Jessup, President and Chief Creative Officer. Sterne Agee reported that Jim Bell, CFO, was also in attendance. “We came away positively disposed to the merchandise and creative changes now underway, which were first visible in summer line and which were recently set with summer 2, in stores next week. Importantly Jill Dean is the first retail merchant at CWTR replacing Georgia Shonk Simmons, who was a direct merchant emanating from its heritage in catalog/ecommerce, although today retail dominates its business. CWTR's customers have indicated that its product has aged more than she has which is a refrain heard at other boomer companies we cover.” Coldwater Creek closed yesterday at $2.60.