How Did Coldwater Creek Beat Sanctions on Textiles from China? (CWTR 2Q05 Conf Call Quotes)

by: Ezra Marbach

US retailers are increasingly sourcing product from countries other than China. Women's apparel retailer Coldwater Creek (ticker: CWTR) is one of those companies. President and Chief Merchandising Officer Georgia Shonk-Simmons discussed CWTR's sourcing strategy during management's Q2 2005 earnings results conference call:

....I also want to credit the sourcing team for its impeccable handling of the sanctions that have affected production and product flows out of China. Guided by their input, we anticipated the possibility of such sanctions early in this year and had systematically shifted production to other countries. This has resulted in a seamless flow of merchandise with no major hiccups or surprise. I can report that all of our fall deliveries have arrived, and that we have had no need to resort to more extensive air shipments to get our merchandise to our distribution center.

....As you probably are aware, there remains the prospect of additional sanctions on production from China. But the apparel categories are limited, and we anticipate very minimal impact on styles offered to Coldwater Creek.

(Quotes are from the CCBN StreetEvents transcript.)


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