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


Interviews View All

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Claudia Kersten, Global Organic Textile Standard

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Nuria Estape,

Nuria Estape

Archroma is a global colour and specialty chemicals company headquartered...

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Marcel Alberts, Eurofibers

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Madhu Jain, Madhu Jain

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search