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 or a loss of 18 cents per diluted share compared to net income of 1.7 million dollars or earnings of 3 cents per diluted share, in the third quarter of fiscal year 2018.