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NY & Co Q4 sales results in line with updated expectations
08
Feb '08
New York & Company Inc is a specialty apparel chain with 578 retail stores. The following sales results are for the Company's continuing operations of the New York & Company brand:

Total net sales for the thirteen-week period ended February 2, 2008 were $359.4 million, as compared to $377.3 million for the fourteen-week period ended February 3, 2007. Excluding sales from the extra week in fiscal year 2006, total net sales decreased 0.8%.

Comparable store sales decreased 3.5% for the thirteen-week period ended February 2, 2008, as compared to a comparable store sales increase of 1.1% for the thirteen-week period ended January 27, 2007.

Total net sales for the fifty-two-week fiscal year ended February 2, 2008 were $1,194.9 million, as compared to $1,153.3 million for the fifty-three-week fiscal year ended February 3, 2007.

Excluding sales from the extra week in fiscal year 2006, total net sales increased 5.0%. Comparable store sales decreased 1.3% for the fifty-two-week period ended February 2, 2008, as compared to a decrease of 2.7% for the fifty-two-week period ended January 27, 2007.

Richard P. Crystal, Chairman and CEO stated: "We are reaffirming our fourth quarter guidance and reporting sales results that were in line with our updated expectations. While we expect fiscal year 2008 to remain challenging, we are pleased with the early response to our new Spring product and we believe the appeal of our assortments coupled with continued tight control of inventory and expenses have us positioned solidly, as we begin fiscal year 2008."


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