New York & Company news and archive

RTW Retailwinds now sells ecommerce business to Saadia Group

RTW Retailwinds, Inc. has announced that after a bankruptcy auction on Friday August 28, 2020 it has entered into a new asset purchase agreement with Saadia Group, LLC, for the sale of its e-commerce business and all related intellectual property, including its websites, Nyandcompany.com, Fashiontofigure.com and its rental subscription...

BusinessFeatured

RTW Retailwinds reports Q3 loss

For the third quarter, net sales at RTW Retailwinds, Inc. declined to 200.1 million dollars, reflecting a 4 percent decrease in comparable store sales, and a net reduction in store count by 14 stores from the prior year third quarter, partially offset by an increase in sales from new businesses. Net loss for the quarter was 11.6 million dollars...

Business

RTW Retailwinds reports Q2 net loss of 7.5 million dollars

Second quarter net sales at RTW Retailwinds, Inc. were 201.9 million dollars, reflecting a 4.8 percent decrease in comparable store sales, and a net reduction in store count by 13 stores from the prior year second quarter, partially offset by an increase in sales from new businesses. Net loss for the quarter was 7.5 million dollars or a loss of...

BusinessFeatured

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...

Business|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...

Retail

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...

Business

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...

People

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 &...

Business

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’...

Business

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...

Business

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...