Exhibit 99.1
Coldwater Creek Announces 50 Percent Stock Dividend
SANDPOINT, Idaho, December 20, 2002 – Coldwater Creek Inc. (Nasdaq: CWTR) announced today that its Board of Directors has declared a 50 percent stock dividend on its common stock, having the effect of a three-for-two stock split.
Stockholders of record on January 8, 2003, will be entitled to one additional share of common stock for every two shares of the Company’s common stock held on that date. Cash paid in lieu of fractional shares will be based on the closing price of the Company’s common stock on the record date, as adjusted for the stock dividend.
The payment date for the stock dividend will be January 30, 2003, at which time shares will be issued to stockholders by the Company’s transfer agent, Mellon Investor Services.
The Company had approximately 10.8 million shares of its common stock outstanding as of December 19, 2002. As a result of the stock dividend, the Company will have approximately 16.2 million shares of common stock outstanding.
