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Published on 10/2/2020 in the Prospect News Distressed Debt Daily.

RTW Retailwinds records $4.77 million net income for Aug. 2-Aug. 29

By Sarah Lizee

Olympia, Wash., Oct. 2 – RTW Retailwinds, Inc. reported $4.77 million of net income for the period of Aug. 2 through Aug. 29 on $46.85 million in net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, the company posted $1.67 million of net income for the period of July 13 through Aug. 1 on $33.91 million in net sales.

The company had $49.51 million in cash and cash equivalents as of Aug. 29, compared to $43.46 million for the July period.

RTW is a New York-based retailer of women’s apparel. It filed bankruptcy on July 13 in the U.S. Bankruptcy Court for the District of New Jersey under Chapter 11 case number 20-18445.


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