Specialty apparel chain New York & Co announces Sept sales

07 Oct '05

2 min read

Leading specialty retailer New York & Company Inc announced that total net sales for the five-week period ended October 1, 2005 increased 7.5 percent to $104.9 million, as compared to $97.6 million in the prior year period. Comparable store sales decreased 0.4 percent for the five-week period ended October 1, 2005 compared to a comparable store sales increase of 4.6 percent in the prior year period.

Total net sales for the thirty-five week year-to-date period ended October 1, 2005 increased 4.8 percent to $702.3 million, as compared to $670.0 million in the prior year period. Comparable store sales increased 0.1 percent for the thirty-five week period ended October 1, 2005 compared to a comparable store sales increase of 12.5 percent in the prior year period.

The Company opened four new stores and closed two stores in September, ending the month with 515 locations and 3.270 million selling square feet in operation.

2005 Guidance
The Company is also updating its full year guidance and guidance for the third and fourth quarters as follows:

Fiscal Year 2005
For the full fiscal year, the Company currently forecasts net sales in the range of $1,105.0 million to $1,118.0 million, including approximately $16.0 million in sales from its recently acquired JasmineSola business from the date of acquisition.

Third Quarter
The Company currently expects net sales for the third quarter of fiscal 2005, including sales of its newly acquired JasmineSola business of approximately $8.2 million, in the range of $248.0 million to $251.0 million, compared to actual third quarter fiscal 2004 net sales of $242.3 million.

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