Women's wear retailer New York & Co said it met its goal of boosting store productivity in 2005, as it raised both full-year sales and income.
 
Sales went up 8.7% to US$1.13bn from $1.04bn in 2004. Same-store sales grew 3.2% compared to a 7.2% last year. Net income totalled $58.5m compared to $17.4m or in 2004.

Sales for the fourth quarter of 2005 jumped 16.1% to $351.6m from $302.8m a year ago, while same-store sales rose 9.6% compared to a 2.7% fall last year. Quarterly net income was $20.6m compared to $18m.

Chairman and chief executive Richard Crystal said: "Our fourth-quarter results demonstrate the success of our holiday assortments, which drove strong sales growth and earnings at the high end of our expectations.

"For the year, we are pleased to have met our goals of increasing store productivity and strengthening our positioning as a premier destination for our customers."