Women's clothing retailer Coldwater Creek Inc. filed for chapter 11 protection today, Reuters reported. The retailer listed assets of $10 million-$50 million and liabilities of $100 million-$500 million, according to its bankruptcy filing. The Sandpoint, Idaho-based company said that it has received a commitment for $75 million in debtor-in-possession financing from its existing lender Wells Fargo. Coldwater Creek last October announced plans to seek strategic alternatives, including a possible sale.
