Store closures negatively impact RTW Retailwinds' Q3 net sales

For its third quarter, RTW Retailwinds, Inc., formerly known as New York & Company, Inc. reported net sales of 210.8 million dollars compared to 214.2 million dollars in the prior year, reflecting a reduction of 31 stores, partially offset by growth in ecommerce sales and increased sales from Fashion to Figure. Comparable store sales increased 0.2 percent, representing the fifth consecutive quarter of positive comparable store sales, which the company said, was led by growth in its ecommerce business and strength in outlet and outlet clearance stores.