Coldwater Creek Inc. moved closer to liquidating its merchandise and closing its stores, after a bankruptcy judge authorized the women's clothing retailer to advance an agreement with two liquidators, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Brendan Shannon yesterday also authorized Coldwater Creek's proposed auction rules, which will govern the bidding tomorrow should a rival buyer decide to challenge the two liquidators, Hilco Merchant Resources LLC and Gordon Brothers Retail Partners LLC.
