Home / Knowledge / News / Results / RTW Retailwinds FY19 sales of $827 million

RTW Retailwinds FY19 sales of $827 million

Mar '20
Pic: New York & Company/ RTW Retailwinds
Pic: New York & Company/ RTW Retailwinds
RTW Retailwinds, a US-based omni-channel specialty apparel retail platform, posted 5.4 per cent decrease in its net sales to $827.0 million in fiscal 2019 that ended on February 1, 2020 compared to sales of $893.22 million in prior year. Sales in fourth quarter (Q4) FY19 was $224.01 million compared to $247.26 million in same period prior year.    
“We continue our strategic transition to a digitally dominant retailer supported with a portfolio of celebrity and lifestyle brands that unlock distinct market opportunities. While we delivered near record results in 2018, we were disappointed with our fourth quarter and fiscal 2019 performance stemming from declines in store traffic and continued weakness in our casual lifestyle sub-brand,” Gregory Scott, chief executive officer of RTW Retailwinds, said in a press release. 
“These challenges offset growth in our core New York & Company digital brand, celebrity brands and another double-digit comp increase for our Fashion to Figure business in excess of 50 per cent, emphasising the ability to adapt to the challenges we face as a business,” Scott said.
Gross profit for the year were $232.10 million (FY18: $279.01 million). Selling, general and administrative (SG&A) expenses in FY19 were $273.45 million (FY18: $279.01 million). Operating income reported a loss of $61.92 million compared to a profit of $6.47 million in prior fiscal. 
“We opened the quarter with well-managed inventory levels declining (8 per cent). While February and early March trends were largely in-line with our expectations, the recent developments surrounding the coronavirus (Covid-19) have negatively impacted mall traffic, Scott said regarding the first quarter. 
We realise that the situation is evolving and the safety of our customers and associates is our primary concern. In the immediate term, we are temporarily closing all New York & Company and Fashion to Figure stores through March 28, 2020 in response to the increased impact from Covid-19.”

Fibre2Fashion News Desk (JL)

Must ReadView All


E-commerce | On 24th Feb 2021

UK welcomes European Commission's draft data adequacy

The UK government has welcomed the European Commission's draft data...

Pic: Shutterstock

Textiles | On 24th Feb 2021

SACTWU welcomes textiles rebate announced by S African govt

The Southern African Clothing & Textile Workers' Union (SACTWU)...

Pic: Shutterstock

E-commerce | On 24th Feb 2021

Asos relaunches Topshop online after acquiring it for £295

Asos recently relaunched Topshop on its website after acquiring the...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Headhonchos, Textiles & allied industry

Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Xavier Martinez,

Xavier Martinez

CADT Software & Drafting was founded in Spain in 1987 by Josep...

Yogesh Kanani,

Yogesh Kanani

Incorporated in 1999, Purani Textiless Private Limited is a leading...

Davide Vigano, Sensoria

Davide Vigano

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Suresh Patel, Non Woven Federation of India

Suresh Patel
Non Woven Federation of India

The Non Woven Federation of India (NWFI), representing the regional...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Sandeep and Sarah Shaikh Gonsalves, SS Homme

Sandeep and Sarah Shaikh Gonsalves
SS Homme

SS Homme celebrates the craft of traditional tailoring through the bespoke ...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2021

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

Advanced Search