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 to Figure. Comparable store sales increased 0.6 percent, led by growth in the company’s ecommerce business and strength in outlet stores, and in particular, outlet conversion stores.