RTW Retailwinds news and archive

RTW Retailwinds now sells ecommerce business to Saadia Group

RTW Retailwinds, Inc. has announced that after a bankruptcy auction on Friday August 28, 2020 it has entered into a new asset purchase agreement with Saadia Group, LLC, for the sale of its e-commerce business and all related intellectual property, including its websites, Nyandcompany.com, Fashiontofigure.com and its rental subscription...

Business

RTW Retailwinds sells ecommerce business to Sunrise Brands

RTW Retailwinds, Inc. has announced an asset purchase agreement with Sunrise Brands, LLC for the sale of its e-commerce business and all related intellectual property, including its websites, Nyandcompany.com, Fashiontofigure.com and its rental subscription businesses Nyandcompanycloset.com and Fashiontofigurecloset.com for a cash purchase price...

BusinessFeatured

RTW Retailwinds Q4 comparable sales down 7.4 percent, names new CEO

Fourth quarter net sales at RTW Retailwinds, Inc. were 224 million dollars compared to 247.3 million dollars in the prior year, reflecting a 7.4 percent reduction in comparable store sales, and a reduction in store count. Gross profit as a percentage of net sales decreased 460 basis points to 24.2 percent. GAAP operating loss for the fourth...

Business

RTW Retailwinds expects 8 to 10 percent drop in Q4 comparable sales

RTW Retailwinds, Inc. has said that following poor holiday sales, it now expects comparable store sales for the fourth quarter to be down 8 percent to 10 percent, as compared to the same period last year. The operating loss for the quarter is now expected to reflect a loss in the low to mid 20 million dollars. Commenting on the holiday trading,...

BusinessFeatured

RTW Retailwinds reports Q3 loss

For the third quarter, net sales at RTW Retailwinds, Inc. declined to 200.1 million dollars, reflecting a 4 percent decrease in comparable store sales, and a net reduction in store count by 14 stores from the prior year third quarter, partially offset by an increase in sales from new businesses. Net loss for the quarter was 11.6 million dollars...

Business

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...