Coldwater Creek to close in Augusta Mall

Coldwater Creek is scheduled to close at the Augusta Mall by Aug. 1 after the company filed for bankruptcy.

 

Women’s apparel retailer Coldwater Creek is scheduled to close at the Augusta Mall by Aug. 1 after the company filed for bankruptcy last month.

Idaho-based Coldwater Creek is closing about 350 stores across the country after the April 11 bankruptcy announcement. Going-out-of-business sales started in early May.

The company, founded in 1984, contended that it was unable to find a buyer or capital to continue business operations and that liquidating assets would best maximize value for the company’s creditors. According to reports from the Wall Street Journal, however, creditors recently have questioned the motives behind the filing.

The store opened in 2007 at the mall’s upper-level, outdoor Promenade section.

Victoria’s Secret will make a temporary move into the 6,100-square-foot space after Coldwater Creek closes, said Augusta Mall general manager Andy Wilke.

In August, the lingerie retailer will start remodeling and expanding its current mall space, which should last about four months and total more than 9,200 square feet when finished, he said.

Wilke said the goal is to bring an apparel company new to the area to the Coldwater Creek storefront.

“We have several exciting major tenants interested in the space once (Victoria’s Secret) vacates,” Wilke said. “All of them would be first-to-market for Augusta.”

New stores draw eager crowd
OTHER CHANGES

• A 23,000-square-foot, two-story H&M store is expected to hold a grand opening in mid-July. The store, which will carry affordable apparel and accessories for women, men, teens and children, is under construction next to Barnes & Noble and American Eagle and is the first location in eastern Georgia for the Swedish retailer.

• A new fashion jewelry and accessories store, called Icing, a subsidiary of Claire’s Stores Inc., opened May 15 on the lower level near Macy’s.

• Starbucks-owned Teavana, based in Atlanta, recently signed a lease to open a store selling loose-leaf teas and other tea-related merchandise. The location is expected to open by fall.

• Both Hollister and Lane Bryant are completing storefront remodels.

• Management is in the process of retrofitting the mall with LED lighting and free Wi-Fi.

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Mon, 12/05/2016 - 22:47

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