Inactive Instrument

RTW Retailwinds, Inc.

Equities

RTWIQ

US74980D1000

RTW Retailwinds, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended May 4, 2019; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2019; Announces Impairment Charges for the First Quarter Ended May 4, 2019

May 30, 2019 at 01:35 am IST

RTW Retailwinds, Inc. announced unaudited consolidated earnings results for the first quarter ended May 4, 2019. For the quarter, the company reported net sales of $200,963,000 against $218,829,000 a year ago. Operating loss was $2,450,000 against income of $3,475,000 a year ago. Net loss was $2,249,000 against income of $3,086,000 a year ago. Basic loss per share was $0.04 against earnings per share of $0.05 a year ago.

The company provided earnings guidance for the second quarter of fiscal year 2019. For the quarter, the company expects net sales to decrease in the low single-digit percentage range, reflecting the combination of reduced store count, and comparable store sales which are expected to be down slightly. Operating income is expected to be approximately breakeven, which includes approximately $1.5 million of losses associated with the three new businesses.

The company reported loss from impairment charges of $82,000 for the first quarter ended May 4, 2019.

Latest news about RTW Retailwinds, Inc.

RTW Retailwinds, Inc. Went Out of Business	31/20/31	CI
Joint Liquidation Plan Approved for RTW Retailwinds, Inc.	10/20/10	CI
Motion for Asset Sale Approved for RTW Retailwinds, Inc.	16/20/16	CI
First Motion for Exclusivity Period Extension Approved For RTW Retailwinds, Inc.	29/20/29	CI
Disclosure Statement Approved for RTW Retailwinds, Inc.	29/20/29	CI
Motion for Asset Sale Filed by RTW Retailwinds, Inc.	07/20/07	CI
First Motion for Exclusivity Period Extension Filed by RTW Retailwinds, Inc.	06/20/06	CI
Saadia Group, LLC completed the acquisition of E-Commerce business from a group of sellers.	01/20/01	CI
Joint Liquidation Plan and Disclosure Statement Filed by RTW Retailwinds, Inc.	30/20/30	CI
DIP Financing Approved for RTW Retailwinds, Inc.	15/20/15	CI
Motion for Asset Sale Approved for RTW Retailwinds, Inc.	04/20/04	CI
Consumer Cos Flat As California Covid Case Growth Slows -- Consumer Roundup	01/20/01	DJ
Saadia Group, LLC entered into an asset purchase agreement to acquire E-Commerce business from a group of sellers for $40 million.	31/20/31	CI
Notice of Selection of Successful Bidder Filed by RTW Retailwinds, Inc.	28/20/28	CI
Sunrise Brands, LLC cancelled the acquisition of E-Commerce business of RTW Retailwinds, Inc. (OTCPK:RTWI.Q), Lerner New York Holding, Inc., Lernco, Inc., Lerner New York, Inc., Lerner New York GC, LLC, Lerner New York Outlet, Inc., New York & Company Stores, Inc, FTF GC, LLC, Lerner New York FTF, LLC, Fashion to Figure, LLC and FTF IP Company, Inc.	28/20/28	CI
Motion For Asset Sale Approved on Final Basis - Store Closing Sales for RTW Retailwinds, Inc.	08/20/08	CI
Bidding Procedure Approved for RTW Retailwinds, Inc.	08/20/08	CI
Consumer Cos Up On Hopes That Coronavirus Spread Is Slowing -- Consumer Roundup	05/20/05	DJ
Stalking Horse Agreement Filed by RTW Retailwinds, Inc.	03/20/03	CI
Sunrise Brands, LLC entered into an asset purchase agreement to acquire E-Commerce business of RTW Retailwinds, Inc. (OTCPK:RTWI.Q), Lerner New York Holding, Inc., Lernco, Inc., Lerner New York, Inc., Lerner New York GC, LLC, Lerner New York Outlet, Inc., New York & Company Stores, Inc, FTF GC, LLC, Lerner New York FTF, LLC, Fashion to Figure, LLC and FTF IP Company, Inc. for $20 million.	03/20/03	CI
RTW Retailwinds Reportedly To Sell Its E-Commerce Business	23/20/23	CI
Motion for Asset Sale Filed by RTW Retailwinds, Inc.	17/20/17	CI
Motion For Asset Sale Approved on Interim Basis - Store Closing Sales for RTW Retailwinds, Inc.	15/20/15	CI
Motion for Joint Administration Approved for RTW Retailwinds, Inc.	15/20/15	CI
RTW Retailwinds, Inc. Filed for Bankruptcy	13/20/13	CI

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RTW Retailwinds Inc. is a specialty women's omni-channel retailer. The Company operates approximately 387 retail and outlet in over 33 states. The Company's portfolio includes branded merchandise from New York & Company, Fashion to Figure, and collaborations with Eva Mendes, Gabrielle Union and Kate Hudson. The Company's branded merchandise is sold exclusively at its retail locations and online at www.nyandcompany.com, www.nyandcompanycloset.com, www.fashiontofigure.com, and www.happyxnature.com. The Company offers a merchandise assortment consisting of wear-to-work, casual apparel and accessories, including pants, dresses, jackets, knit tops, blouses, sweaters, denim, t-shirts, activewear, handbags, jewelry and shoes. The Company's stores are concentrated in medium to large population centers of the United States and are located in shopping malls, lifestyle centers, outlet centers, and off-mall locations, including urban street locations.

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