Home / Knowledge / News / Fashion / New York & Co total net sales for Aug drops 5.9%

New York & Co total net sales for Aug drops 5.9%

02
Sep '05
Lifestyle fashion firm New York & Company Inc announced total net sales for the four-week period ended August 27, 2005 decreased 5.9 percent to $72.9 million, as compared to $77.5 million in the prior year period. Comparable store sales decreased 13.4 percent for the four-week period ended August 27, 2005, compared to a comparable store sales increase of 12.4 percent in the prior year period.

Total net sales for the thirty-week year-to-date period ended August 27, 2005 increased 4.4 percent to $597.5 million, as compared to $572.5 million in the prior year period. Comparable store sales increased 0.2 percent for the thirty-week period ended August 27, 2005, compared to a comparable store sales increase of 13.9 percent in the prior year period.
Richard P. Crystal, Chairman and CEO, stated: "While August results were disappointing, September is a critical month and drives business in the third quarter. As indicated earlier in the month, they expected August comparable store sales to be negative; this was primarily due to reduced sales of summer product, the movement of City Cash promotion into September and disappointing sales of denim product. Although sales trends improved slightly towards the latter part of the month, they were unable to drive positive sales with semi-annual pant event."

"On a positive note, the investments they have made in the jackets, outerwear and casual sweater businesses did start to pay off as all of these categories experienced positive comparable store sales during the month and continue to gain strength. On the fashion front they continue to build inventory in gauchos, corset tops and sweater jackets as we move through the month and remain on track to deliver new fall product in mid-September."


Must ReadView All

Pic: Dong Nhat Huy / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

New guidance for Vietnam's apparel and footwear industry

The Australian Human Rights Commission has released new human rights...

Pic: Shutterstock

Textiles | On 20th Apr 2021

Egypt ready for world's largest textile factory by March 2022

Egypt is going full throttle with the construction of a textiles...

Pic: I Love Coffee dot Today / Shutterstock.com

Apparel/Garments | On 20th Apr 2021

COVID-19 lockdown halts garment production in parts of Cambodia

A 14-day lockdown imposed to curb the spread of COVID-19 pandemic has ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Farmers who produce seeds earn 50 per cent more

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Meghavi Suthar,

Meghavi Suthar

Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

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


April 2021

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


Advanced Search