RTW Retailwinds, Inc. Comments on Holiday Performance and Fourth Quarter Outlook

RTW Retailwinds, Inc. [NYSE:RTW], formerly known as New York & Company, Inc. [NYSE:NWY], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today commented on its holiday performance and fourth quarter fiscal year 2018 outlook ahead of its presentation at the 21^st Annual ICR Conference.

The Company continues to expect comparable store sales for the fourth quarter to be approximately flat, as compared to the same period last year. Non-GAAP operating results excluding non-operating charges are expected to be approximately breakeven; however, this includes $1 million of non-cash impairment charges related to underperforming store assets. It now expects its fourth quarter fiscal year 2018 operating results to reflect a GAAP operating loss primarily due to non-operating charges of approximately $2 million associated with recent management changes. The Company plans to report actual results for the fourth quarter and full fiscal year 2018 in March 2019.

Gregory Scott, New York & Company’s CEO, stated: “Our fourth quarter sales results continue to be consistent with our guidance. Celebrity partnerships and our strong 7^th Avenue business continued to perform well in the holiday season. As we enter the first quarter of 2019 we expect our inventory to be well-positioned, reflecting the benefits of our consolidated buying, planning, and allocation initiative coupled with our omni-fulfillment programs.”

ICR Conference

As previously announced, the Company will be meeting with analysts and investors and presenting at the 21^st Annual ICR Conference in Orlando, Florida. The Company’s presentation will be held on Tuesday, January 15, 2019 at 9:00 a.m. Eastern Time, and will be webcast live at www.nyandcompany.com.

About RTW Retailwinds

RTW Retailwinds, Inc. (formerly known as New York & Company, Inc.) is a specialty women’s omni-channel and digitally enabled retailer with a powerful multi-brand lifestyle platform providing curated lifestyle solutions that are versatile, on-trend, and stylish at a great value. The specialty retailer, first incorporated in 1918, has grown to now operate 429 retail and outlet locations in 36 states while also growing a substantial eCommerce business. The Company’s portfolio includes branded merchandise from New York & Company, Fashion to Figure, and collaborations with Eva Mendes, Gabrielle Union and Kate Hudson. Its branded merchandise is sold exclusively at its retail and outlet locations and online at www.nyandcompany.com and www.fashiontofigure.com. Additionally, certain product, press releases and SEC filing information concerning the Company are available at the Company's website: www.nyandcompany.com.