Billings Coldwater Creek store closing amid bankruptcy

2014-04-14T11:35:00Z 2014-04-15T06:18:04Z Billings Coldwater Creek store closing amid bankruptcyBy ERIK OLSON eolson@billingsgazette.com The Billings Gazette

The owners of Coldwater Creek, a women’s apparel shop outside Rimrock Mall in Billings, have declared bankruptcy and are closing all their stores within the next few months.

Officials for the Sandpoint, Idaho-based company announced Friday they explored other alternatives over the past six months before settling on voluntary Chapter 11 bankruptcy and liquidation.

Stores will continue to accept coupons and returns through May 7. A more detailed schedule of store closures will be posted on the company’s website next month, Coldwater officials said.

Coldwater Creek has 365 stores nationwide and about 6,000 employees. According to its bankruptcy petition, the company has $361.3 million in liabilities but only $278.5 million in assets.

The Billings store is at 316 S. 24th St. West, in a strip mall owned by the Rimrock Mall at the southeast corner of the main property.

Workers in Billings referred phone calls to representatives of the company’s headquarters, who declined to release information on individual stores such as total number of layoffs.

Copyright 2015 The Billings Gazette. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More from the Gazette

Warmth hurting N.D. spill cleanup

Warmth hurting N.D. spill cleanup

January 28, 2015 11:00 amLoading…
Tanks overflow, cause oil spill near Williston

Tanks overflow, cause oil spill near Williston

January 28, 2015 10:07 amLoading…
Absarokee-based bank appoints new president

Absarokee-based bank appoints new president

January 27, 2015 7:30 pm Related Loading…
Big oil-and-gas company will cut spending but keep drilling in Bakken

Big oil-and-gas company will cut spending but keep drilling in Bakken

January 27, 2015 2:05 pmLoading…
Stockman Bank opens temporary location in downtown Missoula

Stockman Bank opens temporary location in downtown Missoula

January 27, 2015 8:48 am Photos

Photos

Loading…
Highlands mine could mean primary, secondary jobs for Butte

Highlands mine could mean primary, secondary jobs for Butte

January 25, 2015 12:00 pm Photos

Photos

Loading…
Bakken wives worry over job losses

Bakken wives worry over job losses

January 25, 2015 10:58 am Photos

Photos

Loading…
Currier promoted at KOA

Currier promoted at KOA

January 25, 2015 12:00 amLoading…

Two named to state boards

January 25, 2015 12:00 amLoading…
Limited partnerships accepted

Limited partnerships accepted

January 25, 2015 12:00 amLoading…

Business digest

January 25, 2015 12:00 amLoading…
Four join 360 Office Solutions

Four join 360 Office Solutions

January 25, 2015 12:00 am Photos

Photos

Loading…
Get weekly ads via e-mail

Deals & Offers

Featured Businesses