New York & Company Q3 results

USA: New York & Company, a speciality apparel chain with 483 retail stores, has declared results for the third quarter ended October 29, 2016. USA: New York & Company, a speciality apparel chain with 483 retail stores, has declared results for the third quarter ended October 29, 2016.  In the period under review, the fashion retailer’s net sales totalled US $ 213.9 million, which included US $ 3.1 million of royalty revenue from the new private label credit card agreement, as compared to US $ 219.8 million in the prior year’s third quarter.

During the quarter, comparable store sales plunged 0.7 per cent as an increase in the brand’s e-commerce business. GAAP operating loss was US $ 2.1 million, as compared to the last year’s third quarter GAAP operating loss of US $ 4.9 million. On a non-GAAP basis, adjusted operating loss was US $ 2.6 million, compared to the prior year’s non-GAAP operating loss of US $ 2.6 million.