Coldwater Creek Axes 65 in Cost Cutting Move

Coldwater Creek has eliminated 65 jobs in several facilities, according to the Parkersburg, WV News.

The cuts will result in an annual pre-tax savings of about $6 million, the company said.

"Today was a difficult day for Coldwater Creek, but we believe our actions position us for sustainable growth. And we remain committed to continuing our operations in the Sandpoint and Coeur d'Alene, ID, and Parkersburg communities,' said Dan Griesemer, president/CEO.