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Coldwater Creek Exploring Strategic Options After Continued Struggles

 (Image source: groovinmoms)

Coldwater Creek Inc. (NASDAQ:CWTR) will explore strategic options with the help of Perella Weinberg Partners after sales dropped 7.3 percent in the second quarter. Board wants to increase shareholder value by spinning off units, developing joint ventures, or merging with other companies. The company has been underwater in recent years. Third quarter earnings will be far below the company’s own expectations. Currently the company is down 30 percent and year-to-date; the company has tumbled nearly 82 percent.