Summary of COLDWATER CREEK INC

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 12, 2009, Dennis C. Pence was appointed President and Chief Executive Officer of Coldwater Creek Inc. (the "Company") and Daniel Griesemer resigned from his position as a director, President and Chief Executive Officer.

Dennis C. Pence, 59, co-founded the Company in 1984, and has served as a director since the Company's incorporation in 1988. Mr. Pence has served as the Chairman of the Board since July 1999 and was the Vice-Chairman of the Board prior to that. Mr. Pence served as the Company's Chief Executive Officer from 1984 through December 2000 and then again from September 2002 until October 2007. Mr. Pence has also served as Chairman of the Board's Executive Committee since its formation in May 2000, a member of the Succession Planning and Management Development Committee since November 2007, and as Secretary from July 1998 to February 2009. From 1984 through 2000, Mr. Pence also served as the Company's President and from April 1999 to December 2000, he was also President of the Company's Internet Commerce Division.

Mr. Pence's compensation in his new role has not been determined.

As a result of Mr. Griesemer's departure, the Company expects to record a pre-tax charge of approximately $4.1 million during the third quarter of fiscal 2009, which includes cash severance of $2.0 million and stock based compensation expense of $2.1 million related to the acceleration of all unvested equity awards.

Also in connection with this event, the Company expects to record an additional non-cash pre-tax accounting charge of approximately $2.0 million for the write-off of certain deferred costs related to the Company's Supplemental Executive Retirement Plan.