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RTW Retailwinds, Inc. Comments on Holiday Performance and Fourth Quarter Outlook

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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 commented on its holiday
performance and fourth quarter fiscal year 2018 outlook ahead of its
presentation at the 21st Annual ICR Conference.

The Company continues to expect comparable store sales for the fourth
quarter to be approximately flat, as compared to the same period last
year. Non-GAAP operating results excluding non-operating charges are
expected to be approximately breakeven; however, this includes $1
million of non-cash impairment charges related to underperforming store
assets. It now expects its fourth quarter fiscal year 2018 operating
results to reflect a GAAP operating loss primarily due to non-operating
charges of approximately $2 million associated with recent management
changes. The Company plans to report actual results for the fourth
quarter and full fiscal year 2018 in March 2019.

Gregory Scott, New York & Company's CEO, stated: "Our fourth quarter
sales results continue to be consistent with our guidance. Celebrity
partnerships and our strong 7th Avenue business continued to
perform well in the holiday season. As we enter the first quarter of
2019 we expect our inventory to be well-positioned, reflecting the
benefits of our consolidated buying, planning, and allocation initiative
coupled with our omni-fulfillment programs."

ICR Conference

As previously announced, the Company will be meeting with analysts and
investors and presenting at the 21st Annual ICR Conference in
Orlando, Florida. The Company's presentation will be held on Tuesday,
January 15, 2019 at 9:00 a.m. Eastern Time, and will be webcast live at www.nyandcompany.com.

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 429 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 www.nyandcompany.com
and www.fashiontofigure.com.
Additionally, certain product, press releases and SEC filing information
concerning the Company are available at the Company's website: www.nyandcompany.com.

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 stockholder and any potential
change of ownership; 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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