Interviews
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
Download Now
News Flash
New York & Co sees positive growth in its specialty apparel chain
20 Mar '08
2 min read
Net income from continuing operations for fiscal year 2007 was $26.7 million, or $0.44 per diluted share, as compared to prior year net income from continuing operations of $0.81 per diluted share.
Richard P. Crystal, New York & Company's Chairman and CEO, stated: "While we experienced lower sales and earnings in the fourth quarter compared to the prior year, primarily as a result of increased promotional activity due to the challenging retail environment, we did make progress on a number of initiatives. We continued to see strength in our wear-to-work categories.
We began to see improved product offerings in our accessory assortment, and our e-commerce business continued to grow and exceed plans. Finally, we were very disciplined in managing our inventory and expenses. As we move into 2008, we believe continuing these strategies will lead to improved profitability and increased shareholder value."
Click here to view more:
Richard P. Crystal, New York & Company's Chairman and CEO, stated: "While we experienced lower sales and earnings in the fourth quarter compared to the prior year, primarily as a result of increased promotional activity due to the challenging retail environment, we did make progress on a number of initiatives. We continued to see strength in our wear-to-work categories.
We began to see improved product offerings in our accessory assortment, and our e-commerce business continued to grow and exceed plans. Finally, we were very disciplined in managing our inventory and expenses. As we move into 2008, we believe continuing these strategies will lead to improved profitability and increased shareholder value."
Click here to view more:
New York & Company Inc
Popular News
Leave your Comments
Editor’s Pick
Kimberly Morgan and Rik Veltman
K3 Business Technology Group PLC
Esteemed Clients
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
