Coldwater Creek to pursue liquidation: Report

A woman drinks coffee in front of mannequins in the window display of a Coldwater Creek store at the Fair Oaks Mall in Fairfax, Virginia.
Andrew Harrer | Bloomberg | Getty Images

Coldwater Creek has plans to liquidate in wake of a pending bankruptcy filing, according to a report by Bloomberg, citing two sources.

According to the publication, same-store sales fell 17 percent in the third quarter at Coldwater Creek, which hasn't been profitable since 2007.

Bloomberg said a spokesperson for Coldwater Creek declined to comment.

Last week, the Wall Street Journal reported that the women's apparel retailer was getting ready to file for bankruptcy protection.

To read the full Bloomberg report, click here.

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