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Coldwater Creek to close stores

Coldwater Creek via wikicommons.com
Coldwater Creek via wikicommons.com

UNDATED (WSAU)  Downtown Wausau is losing another retailer. Coldwater Creek will close down all of its stores nationwide. They’ve operated a location on Third Street in Wausau since 2010.

The company announced yesterday that its filed for Chapter 11 bankruptcy and will begin selling off its inventory next month. Officials have not announced a closing date.

Coldwater had been looking for an outside buyer or a new investor for the last six months.

Coldwater Creek’s downtown Wausau location is less than a block away from the troubled Wausau Center Mall. The mall has lost clothing retailers Hollister and Gap earlier this year, and is facing the closure of anchor-store JC Penney in the next few weeks.