Market Overview

RTW Retailwinds, Inc. Announces Organizational Changes


~ John Worthington, President and Chief Operating Officer to Depart
the Company

Sheamus Toal, Promoted to Executive Vice President, Chief Operating
Officer and Chief Financial Officer ~

RTW Retailwinds, Inc. (NYSE:RTW), formerly known as New York & Company,
Inc. (NYSE:NWY), an omni-channel specialty apparel retail platform for
powerful celebrity and consumer brands, today announced a streamlining
of key management roles in which President and Chief Operating Officer,
John Worthington will depart the Company effective immediately. Sheamus
Toal, currently Executive Vice President and Chief Financial Officer, is
being promoted to Executive Vice President, Chief Operating Officer and
Chief Financial Officer. Mr. Toal will continue to be responsible for
all areas of finance, real estate, logistics, and corporate planning,
and will add responsibility for IT, sourcing, and store operations. Mr.
Toal will now report to the Company's CEO, Gregory Scott.

Commenting on the organization changes, Gregory Scott, RTW Retailwinds,
Inc. CEO stated: "As part of our continuing efforts to increase
efficiency across the organization we announced today a more streamlined
senior leadership structure. I want to thank John for his many
contributions in assisting us to create the infrastructure and processes
to deliver on our objectives since joining our Company in 2014. We wish
him well in his future endeavors."

"At the same time, I am pleased to promote Sheamus Toal to Executive
Vice President, Chief Operating Officer and Chief Financial Officer,"
continued, Mr. Scott. "Sheamus has led our finance, real estate,
logistics, corporate planning, and investor relations areas of the
Company for the past ten years assisting us to generate our highest
gross margin since 2006 in third quarter, achieve expense savings and
operate with a debt free balance sheet and strong cash flow. In the
recently reported third quarter, our strategy led to RTW reporting its
highest quarterly operating income in more than a decade. I believe
Sheamus' strategic insight will continue to be highly valuable to RTW in
achieving our long-term sales and profitability goals, including our
expectation of delivering a double digit EBITDA margin longer term."

About RTW Retailwinds

RTW Retailwinds, Inc. (formerly known as New York & Company, Inc.) is a
specialty women's omni-channel and digitally enabled retailer with a
powerful multi-brand lifestyle platform providing curated lifestyle
solutions that are versatile, on-trend, and stylish at a great value.
The specialty retailer, first incorporated in 1918, has grown to now
operate 428 retail and outlet locations in 36 states while also growing
a substantial eCommerce business. The Company's portfolio includes
branded merchandise, from New York & Company, Fashion to Figure, and
collaborations with Eva Mendes, Gabrielle Union and Kate Hudson. Its
branded merchandise is sold exclusively at its retail and outlet
locations and online at
Additionally, certain product, press releases and SEC filing information
concerning the Company are available at the Company's website:

Forward-looking Statements

This press release contains certain forward-looking statements,
including statements made within the meaning of the safe harbor
provisions of the United States Private Securities Litigation Reform Act
of 1995. Some of these statements can be identified by terms and phrases
such as "expect," "anticipate," "believe," "intend," "estimate,"
"continue," "could," "may," "plan," "project," "predict," and similar
expressions and references to assumptions that the Company believes are
reasonable and relate to its future prospects, developments and business
strategies. Such statements are subject to various risks and
uncertainties that could cause actual results to differ materially.
These include, but are not limited to: (i) the Company's dependence on
mall traffic for its sales and the continued reduction in the volume of
mall traffic; (ii) the Company's ability to anticipate and respond to
fashion trends; (iii) the impact of general economic conditions and
their effect on consumer confidence and spending patterns; (iv) changes
in the cost of raw materials, distribution services or labor; (v) the
potential for economic conditions to negatively impact the Company's
merchandise vendors and their ability to deliver products; (vi) the
Company's ability to open and operate stores successfully; (vii)
seasonal fluctuations in the Company's business; (viii) competition in
the Company's market, including promotional and pricing competition;
(ix) the Company's ability to retain, recruit and train key personnel;
(x) the Company's reliance on third parties to manage some aspects of
its business; (xi) the Company's reliance on foreign sources of
production; (xii) the Company's ability to protect its trademarks and
other intellectual property rights; (xiii) the Company's ability to
maintain, and its reliance on, its information technology
infrastructure; (xiv) the effects of government regulation; (xv) the
control of the Company by its largest shareholder and any potential
change of ownership of the Company including the shares held by its
largest shareholder; and (xvi) other risks and uncertainties as
described in the Company's documents filed with the SEC, including its
most recent Annual Report on Form 10-K and subsequent Quarterly Reports
on Form 10-Q. The Company undertakes no obligation to revise the
forward-looking statements included in this press release to reflect any
future events or circumstances.

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