January 14, 2002,
Coldwater Creek to cut DC and 220 employees
Catalog, Internet and retail store retailer Coldwater Creek announced that it would close its distribution center in Sandpoint, ID, as a result of the stagnant economy. The DC is expected to shutter by the end of March, affecting approximately 120 employees. All distribution will now be through the company's 600,000-square-foot facility in Parkersburg, WV. The company said that the closing will not affect long-term plans of the headquarters, which is also in Sandpoint, or at the customer service and technical center in Coeur d'Alene, ID. The company will also cut an additional 80 positions among its national retail store staff, and 20 more at the company headquarters, and plans to close two clearance outlet locations by March 1. In other news, Donald Robson, executive vp and cfo, has resigned to pursue other opportunities, and Deena Presnell, corporate controller, will assume his duties until a replacement is named.
Hanover Direct appoints two board members
Century 21 to reopen
The Manhattan location of Century 21 is set to reopen in mid-February, said Ed Gindi, vp and an owner. The discounted designer label department store is located within Ground Zero and has been closed since the terrorist attacks on Sept. 11. "We took a lot of damage, but everything has been restored," Gindi said. "We're going to open up better than ever." He also wanted to thank all of his vendors, who have remained supportive throughout.
Saks to convert McRae's store
Saks Inc. has announced plans to convert its 108,800-square-foot McRae's traditional department store in the Brookwood Village Mall in Birmingham, AL, into a Parisian specialty department store. The location will be closed in July to be renovated and will reopen in August. Following the store's conversion, Saks will operate six Parisian stores and three McRae's stores in the Birmingham area. George Jones, president and ceo of Saks Department Store Group, said, "We are confident that the merchandise selection, customer service, and store amenities found at Parisian will be a great complement to the newly renovated Brookwood Village Mall and will be enthusiastically received by … Parisian customers in the area."