|Bid||0.0000 x 500000|
|Ask||0.0000 x 500000|
|Day's range||0.1090 - 0.1400|
|52-week range||0.0390 - 1.9344|
|Beta (5Y monthly)||2.11|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
RTW Retailwinds, Inc. [NYSE:RTW], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced that on June 19, 2020, the Company received notice (the "Notice") from the New York Stock Exchange ("NYSE") that the Company is non-compliant under Section 802.01B of the NYSE Listed Company Manual, as the result of the Company’s average market capitalization over a consecutive 30 trading-day period was less than $50 million and its stockholders’ equity was less than $50 million ("the deficiency").
(Bloomberg) -- The parent of New York & Co. is preparing for a bankruptcy filing that would include plans to shut all of the discount apparel chain’s stores, according to people with knowledge of the matter.RTW Retailwinds Inc., which also owns Fashion to Figure and Happy x Nature, warned earlier this month that a bankruptcy filing was probable, citing a loan default, and said it could close a significant portion, if not all, of its 387 stores.A representative for New York-based RTW declined to comment. The people with knowledge of the matter asked not to be identified because the plans haven’t been made public.The nationwide shutdown due to the Covid-19 outbreak, following years of declining mall traffic, has pushed some of the most familiar retail names into bankruptcy, including J.C. Penney Co. and Neiman Marcus Group Inc.Founded more than a century ago as Lerner Shops, the company changed its name to New York & Co. in the late 1990s and became a mall mainstay, teaming up with celebrities like Eva Mendes and Kate Hudson.The company’s former president and chief marketing and customer officer, Traci Inglis, said in March that it was time to transition to a “digitally-dominant” brand.But the pandemic forced all its stores to temporarily close the same month, according to the company’s annual report, making it impossible to turn around what RTW called substantial and recurring losses from operations. Some stores began to re-open in the first week of June.To deal with the cash crunch, RTW didn’t pay vendors and withheld April and May rent to its landlords, leading to a flurry of default notices, the company said. What’s more, the store closings cut into inventory values and other assets. Bankers at Wells Fargo & Co. gave the company until June 30 to make good on its defaulted loan.The stock, which once sold for more than $23 in 2005, now trades at less than 30 cents per share.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
RTW Retailwinds, Inc. [NYSE:RTW], (the "Company"), today announced that in light of the continued efforts to slow the transmission of the coronavirus (COVID-19) pandemic and in an effort to ensure the safety of its associates, customers and communities, the Company is temporarily extending its previously announced store closures. The Company will continue to monitor this ongoing situation, relying on recommendations from the Centers for Disease Control and Prevention (CDC), the World Health Organization (WHO) and government officials to determine when its closed stores will reopen. At the present time, RTW’s eCommerce platforms and third party fulfillment center remain operational and continue to serve customers online and through social media.
RTW Retailwinds, Inc. (NYSE:RTW), an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced a leadership succession plan thereby positioning the Company to accelerate its digital transformation. Traci Inglis, current President and Chief Marketing and Customer Officer will become Chief Executive Officer and a member of the Company’s Board of Directors, effective April 17, 2020. Gregory Scott, who has directed the Company’s strategy for almost a decade has decided to relocate to California for personal reasons and therefore will step down from his role as Chief Executive Officer and a member of the Company’s Board of Directors, following a transition period.
RTW Retailwinds, Inc. (NYSE:RTW), an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced results for the fourth quarter and full year fiscal 2019 representing the 13-weeks and 52-weeks ended February 1, 2020, respectively. This compares to the 13-week fourth quarter and 52-week full year of fiscal 2018, which ended February 2, 2019.
RTW Retailwinds, Inc. (NYSE:RTW), today announced that it has temporarily closed all New York & Company and Fashion to Figure stores as of end of business, March 18th, 2020 through March 28th, 2020 in response to the increased impact from novel coronavirus COVID-19. During this temporary closure period, all store associates will receive compensation for their scheduled shifts.
RTW Retailwinds, Inc. [NYSE:RTW], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced that the Company will release fourth quarter and fiscal year 2019 results after the market closes on Thursday, March 19, 2020. The Company will conduct a conference call at 4:30 p.m. Eastern Time on the same day to discuss its results. The call will be hosted by Greg Scott, Chief Executive Officer and Sheamus Toal, Executive Vice President, Chief Operating Officer and Chief Financial Officer.
MADRID/NEW YORK (Reuters) - Lisa Batitto, 54, says she has virtually stopped buying clothes ever since she started renting them. From New York & Company, owned by RTW Retailwinds Inc. <RTW.N>, to Bloomingdale's <M.N> and Banana Republic of Gap Inc. <GPS.N>, more retailers are offering to lend out their clothing for a monthly rental rate. The services cater to a growing number of people like Batitto who want to purchase just a few items and rent the rest.
Anyone researching RTW Retailwinds, Inc. (NYSE:RTW) might want to consider the historical volatility of the share...