RTW Retailwinds reports Q2 net loss of 7.5 million dollars

Second quarter net sales at RTW Retailwinds, Inc. were 201.9 million dollars, reflecting a 4.8 percent decrease in comparable store sales, and a net reduction in store count by 13 stores from the prior year second quarter, partially offset by an increase in sales from new businesses. Net loss for the quarter was 7.5 million dollars or a loss of 12 cents per diluted share compared to net income of 3.1 million dollars or earnings of 5 cents per diluted share, in the second quarter of fiscal year 2018.