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Published on 11/16/2020 in the Prospect News Distressed Debt Daily.

RTW Retailwinds records $15.09 million net income for Aug. 30-Oct. 3

By Sarah Lizee

Olympia, Wash., Nov. 16 – RTW Retailwinds, Inc. reported $15.09 million of net income for the period of Aug. 30 through Oct. 3 on $45.67 million in net sales, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

In comparison, the company posted $4.77 million of net income for the period of Aug. 2 through Aug. 29 on $46.85 million in net sales.

The company had $112.14 million in cash and cash equivalents as of Oct. 3, compared to $49.51 million for the August 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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