RTW Retailwinds: Q4 same-store sales decline 1.5 percent

RTW Retailwinds, Inc., formerly known as New York & Company, Inc. reported net sales of 247.3 million dollars compared to 278.7 million dollars in the prior year, reflecting a reduction in comparable store sales, a reduction in store count by 36 closed stores, and the impact of the 53-week year in the prior year, partially offset by the inclusion of sales from Fashion to Figure. The company said, comparable store sales decreased 1.5 percent, representing a decline in the company’s brick-and-mortar business, partially offset by growth in the Fashion to Figure brand.