- New York & Company (NWY) is down 36% in early trading to an all-time low as investors lose confidence a turnaround can be pulled off.
- During the earnings call, NWY management noted that the performance on stores converted to the outlet format fell short of targets.
- The company plans to take a more aggressive approach to omni-channel.
- NWY earnings call transcript
- Previously: New York & Company in tatters after weak Q1 (May 20)