Brownell Joins Coldwater Creek as Sr. Vice President/CIO
Information Technology Expert Has 24-Year Career With Major Retailers
SANDPOINT, Idaho, Nov. 3 -- Coldwater Creek today
announced that James Brownell has been selected for the position of Senior
Vice President/Chief Information Officer. Brownell brings broad-based
industry experience in multi-channel retailing, as well as building a national
retail brand.
Brownell`s career spans 24 years in the specialty retail trade, where he
held executive positions with firms such as Gap Inc., Williams-Sonoma, J. Crew
and Toys "R" Us.com. He recently served as Senior Vice President/Chief
Information Officer for Williams-Sonoma, where he was responsible for all
information technology and systems development in the company`s 450 retail
stores, as well as its $600 million direct sales channel.
Prior to that, Brownell held the post of Vice President/Information
Technology for Gap Inc., where he was in charge of 300 employees who were
responsible for supporting 2,500 retail stores, 14 domestic and international
distribution centers, and three electronic commerce retail divisions.
"The addition of James Brownell represents a significant milestone in our
efforts to build a retail-oriented management team," said Dennis Pence,
Chairman & Chief Executive Officer for Coldwater Creek. "His experience with
Fortune 500 retail companies made him the clear choice for this key position."
Coldwater Creek is an integrated multi-channel retailer of women`s
apparel, jewelry, footwear, gift items and accessories through a growing
number of full-line retail stores located in major metropolitan areas, an
e-commerce web site at http://www.coldwatercreek.com and direct-mail catalogs.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release contains "forward-looking statements" within the meaning
of the securities laws, including statements regarding our anticipated retail
expansion. These statements are based on management`s current expectations
and are subject to a number of uncertainties and risks. Actual results may
differ materially. Important factors that could cause actual results to
differ materially from estimates or projections contained in the
forward-looking statements include, but are not limited to, unexpected or
increased costs or delays in the development and expansion of our retail chain
and our potential inability to recover these costs due to sluggish sales; our
inability to continue to fund our retail expansion with operating cash as a
result of either lower sales or higher than anticipated costs, or both;
uncertainties related to our shift to a triple-channel model, in particular,
the effects of shifting patterns of e-commerce or retail purchases versus
catalog purchases; and such other factors as are discussed in our Form 10-Q
Quarterly Reports and in our most recent Form 10-K Annual Report filed with
the U.S. Securities and Exchange Commission. We encourage you to review these
filings in connection with this release.
We believe that these forward-looking statements are reasonable; however,
you should not place undue reliance on forward-looking statements, which are
based on current expectations and speak only as of the date of this release.
We are not obligated to publicly release any revisions to forward-looking
statements to reflect events after the date of this release.
CONTACT:
David Gunter
Director of Corporate Communications & Investor Relations
Coldwater Creek
+1-208-265-3944.
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