Home / Knowledge / News / Apparel/Garments / New York & Company narrows Q4 FY'14 outlook
New York & Company narrows Q4 FY'14 outlook
15
Jan '14
New York & Company a specialty apparel chain with 514 retail stores commented on its holiday performance and fourth quarter fiscal year 2013 outlook.

Comparable store sales for the nine week period ended January 4, 2014 (“holiday period”) increased 1.0%. Additionally, the Company narrowed its outlook for the 13-week fourth quarter ending February 1, 2014.

The Company detailed that with several weeks remaining in the quarter it now expects fourth quarter fiscal year 2013 GAAP operating income to range between $5.0 million and $6.5 million which is at the midpoint to higher end of its previously issued guidance range of $3.0 million to $7.0 million.

Additionally, the Company expects inventory to be in-line with its guidance previously disclosed in the Company’s third quarter press release dated December 4, 2013.

Gregory Scott, New York & Company’s CEO, stated: “In view of the challenging retail environment, we are pleased with our holiday performance which continued the momentum we experienced throughout the first three quarters of the year.

“Our ability to deliver positive comparable store sales, continued improvement in merchandise margins, and projected fourth quarter operating income well within our guidance is a strong validation of our six keys to success. We look forward to continuing our positive performance in 2014.”

New York & Company

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search