RBC Capital Markets Announces Investment Opinion On Coldwater

  Creek Inc.   Business Editors & Analysts   NOTE TO EDITORS: The following is an investment opinion issued by   RBC Capital Markets   MINNEAPOLIS--(BUSINESS WIRE)--May 8, 2002--   RBC Capital Markets Initiates Coverage of Coldwater Creek Inc.   RBC Capital Markets equity analyst Lauri Brunner initiated  coverage of Coldwater Creek Inc. (Nasdaq:CWTR), $23.19, with an  Outperform rating and Above Average risk qualifier. She has a 12-month  price target of $26.   "We view Coldwater Creek as a rapid retail store rollout and  margin expansion story," Brunner said. "We are encouraged by the  company's long-term growth prospects and important shift from a  catalog-based to a multi-channel retailing model."   Coldwater Creek is a leading specialty retailer of high-quality  apparel and gifts to women over 35.   Institutional investors interested in receiving more information  should contact their RBC Capital Markets salesperson. Media interested  in receiving Brunner's research should call (612) 371-7758.   RBC Capital Markets is the global brand name for the corporate and  investment banking divisions of Royal Bank of Canada and its  affiliates, including the equity capital markets division of RBC Dain  Rauscher Inc., member NYSE and SIPC. The firm offers focused industry  expertise and global reach in its chosen products, markets and  industry sectors through five business divisions and 3,000 employees  including some 80 analysts covering more than 900 companies. It is a  member of RBC Financial Group, the brand name of Royal Bank of Canada  (NYSE:RY)(TSE:RY), the seventh largest bank by assets in North  America. RBC Financial Group has 57,000 employees who serve over 12  million customers in 30 countries around the world. For more  information please visit www.rbccm.com.   RBC Dain Rauscher Corporation, a wholly owned subsidiary of Royal  Bank of Canada, is the parent company of RBC Dain Rauscher Inc., the  nation's ninth largest full-service securities firm with more than  2,000 financial consultants and 6,000 employees. The companies serve  individual investors and small business owners through offices coast  to coast, and capital markets and correspondent clients in select U.S.  and international markets. Founded in 1909, RBC Dain Rauscher is a  member of the New York Stock Exchange and other major securities  exchanges, as well as the Securities Investor Protection Corp. The  company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth  St., in Minneapolis.   RBC Dain Rauscher Inc. makes a market in Coldwater Creek Inc. and  may act as principal with regard to sales or purchases of this  security. The author is employed by RBC Dain Rauscher Inc., a  securities broker-dealer with principal offices located in Minnesota,  USA. RBC Capital Markets' Research Ratings Legend can be viewed at  www.rbcdrw.com/researchratings.   Additional information on the securities mentioned is available on  request. This does not purport to be a complete statement of all  material facts related to any company, industry, or security  mentioned. The information provided, while not guaranteed as to  accuracy or completeness, has been obtained from sources believed to  be reliable. The opinions expressed reflect our judgment at this time  and are subject to change without notice and may or may not be  updated. RBC Dain, its officers, directors, affiliates, and/or  employees (including the authors of this report) may from time to time  have a long or short position in publicly or privately issued  securities of companies mentioned or derivatives thereof and may sell  or buy such securities for their own or related accounts. This notice  shall not constitute an offer to sell or the solicitation of an offer  to buy, nor shall there be any sale of these securities in any state  in which said offer, solicitation, or sale would be unlawful prior to  registration or qualification under the securities laws of any such  state.     
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