New York & Company news and archive

Store closures negatively impact RTW Retailwinds' Q3 net sales

For its third quarter, RTW Retailwinds, Inc., formerly known as New York & Company, Inc. reported net sales of 210.8 million dollars compared to 214.2 million dollars in the prior year, reflecting a reduction of 31 stores, partially offset by growth in ecommerce sales and increased sales from Fashion to Figure. Comparable store sales increased...

Business

New York & Company to change name to RTW Retailwinds

Women’s apparel retailer New York & Company Inc. will be changing its name to RTW Retailwinds Inc. effective Monday, November 19, 2018. According to the company’s CEO, Greg Scott, the decision reflects the business’ growth and plans to expand its market share even more in the future. In addition to NY&Co, its portfolio also includes the brand...

Management

New York & Company unveils rebranding plan, targets to cross 1 billion dollars in sales

New York & Company, Inc. has announced the official launch of its corporate reinvention to a multibrand lifestyle platform. The company said that its vision is to be the premier incubator of lifestyle brands by leveraging the company’s expertise in celebrity, design, customer, ecommerce, operations, real estate, and inventory optimization to...

Management|INTERACTIVE Featured

New York & Company posts drop in Q2 revenue, comparable sales up 0.6 percent

For its second quarter, New York & Company, Inc. reported net sales of 216.4 million dollars compared to 224.1 million dollars in the prior year. The decrease in net sales, the company said, reflects a reduced store count and the shift of an important pre-Mother’s Day week into the first quarter and was partially offset by increased sales from...

Fashion

Kate Hudson to endorse Soho Jeans, develop fashion line for New York & Company

New York & Company, Inc. has announced a multi-year partnership with Kate Hudson, actress, author and businesswomen to be the brand ambassador of its 200 million dollars “Soho Jeans” collection. The company added that Hudson will also develop her own ready-to-wear fashion line for the company. “We are excited to partner with Kate Hudson and...

ManagementFeatured

New York & Company Q4 comparable sales increase 3 percent

New York & Company’s net sales were 278.7 million dollars compared to 266.3 million dollars in the prior year. Comparable store sales increased 3 percent largely driven by a double-digit percentage increase in the company’s ecommerce business, combined with increased royalty and related revenue from the private label credit card agreement. Net...

Report

New York & Company adds independent director to its board

New York & Company, Inc. has appointed Miki Racine Berardelli as an independent director to its board, effective January 3, 2018. The company said, Berardelli brings to the company’s board significant experience in digital marketing and commerce in the apparel retail industry. Commenting on Berardelli’s appointment, Grace Nichols, New York &...

Report

New York & Company: Comparable holiday sales increase 3 percent

New York & Company has said that its comparable store sales for the nine-week period ended December 30, 2017 increased approximately 3 percent and that the company continues to expect comparable store sales for the full quarter to be up in the low single-digit percentage range, as compared to the same period last year. Commenting on the company’...

ManagementFeatured

New York & Company Q3 comparable sales up 2.2 percent

Third quarter net sales were 214.2 million dollars, increasing 0.1 percent compared to 213.9 million dollars in the prior year, reflecting growth in comparable sales driven by ecommerce, offset by the impact of a lower store count (459 this year versus 483 last year). Comparable store sales increased 2.2 percent, reflecting double-digit...

Report

New York & Company acquires plus fashion brand Fashion to Figure

New York & Company has announced that the company would acquire certain assets of Fashion to Figure, a US based retailer of plus-size fashion, including intellectual property rights related to the brand, for a cash purchase price of 1.4 million dollars and no more than 1 million dollars of fees and expenses. The company said in a statement that...

Report

New York & Company: Q2 net sales drop but earnings rise

New York & Company’s net sales were 224.1 million, decreasing 3.7 percent compared to 232.8 million dollars in the prior year, reflecting growth in ecommerce, offset by the impact of a lower store count of 460 this year versus 486 last year and 1.1 percent decrease in comparable store sales. GAAP net income was 4.8 million dollars or earnings of...

Management

New York & Company posts 2.9 percent decline in Q1 net sales

New York & Company’s first quarter net sales were 209.9 million dollars, decreasing 2.9 percent compared to 216 million dollars in the prior year, reflecting growth in ecommerce, offset by decreases in brick-and-mortar stores due to the combination of lower store count and 0.7 percent decrease in comparable store sales. Commenting on the...