New York & Co. keeps momentum through holidays

New York & Co. was able to rise above headwinds from unseasonable weather during the holidays to an increase in same-store sales.



The company says same store sales increased 1.6% during the holiday period and that it expects same-store sales for the full quarter to increase in the low single-digit percentage, in line with the company’s previously disclosed guidance.



“We are pleased to continue our positive momentum anticipating the fourth consecutive quarter of positive comparable store sales growth with sales expected to be in line with our prior guidance," said Gregory Scott, New York & Company’s CEO. "However, we experienced softer demand for cold weather products due to unseasonably warm weather in the Northeast, Midwest and South. These pressures led to sales and margins that are expected to be at the lower end of our prior guidance. We were also pleased to see many positives in the quarter including the continued success of our celebrity collaborations, the expansion of our credit loyalty program to all-time highs, and the dramatic growth in e-commerce as we continue to benefit from our enhanced omnichannel capabilities.”



New York & Company, Inc. is a specialty retailer of women's fashion apparel and accessories. The Company operates 507 stores in 43 states.