NY & Co. Improves Financials, Sees Outlet Channel as Key
New York & Company reported 4Q net income of $84,000 versus a loss of $6.7 million in the year ago comparable quarter. Sales rose 1.5 percent and same store sales increased 1.9 percent, achieving its fourth consecutive comp store gain. For fiscal 2015, the 3.1 percent comp gain
was the most robust in the last 10 years with sales psf rising 5.4 percent to $372 from 2014’s $353
level. New York & Company reported a loss per share of $0.16 in fiscal 2015 versus a $0.27 loss
per share in fiscal 2014.
Five strategic key initiatives underpin New York & Co.’s 2016 efforts...
To continue reading, Click Here.