The parent company of New York & Co., the wear-to-work retailer for women, warned it may file for Chapter 11 bankruptcy protection as the nationwide chain has been crippled by the COVID-19 crisis, CNBC reported. RTW Retailwinds Inc. said in its filing with the Securities...
The bad news is, New York & Co.’s comp store sales and revenue are down as the company shifts strategies and moves more business online. The good news is, eCommerce sales are up and gross margin reached its highest level in the first quarter since...
The women’s apparel retailer is boosting its digital offerings in an attempt to enhance the experiences of its omnichannel shoppers. Internet Retailer reported that New York & Co. is making it easier for shoppers in-store to buy online with the roll out of internet-connected kiosks...
August 31, 2020
Seven weeks after the corporate parent of New York & Co. filed for bankruptcy, the company is set to be sold, according to a press release. RTW Retailwinds, a New York-based specialty apparel retailer, announced the Saadia Group agreed to purchase its eCommerce business at a bankruptcy auction Friday (Aug. 28) for $40 million. Saadia’s […]
June 03, 2020
The parent company of New York & Co., the wear-to-work retailer for women, warned it may file for Chapter 11 bankruptcy protection as the nationwide chain has been crippled by...
May 19, 2017
The bad news is, New York & Co.’s comp store sales and revenue are down as the company shifts strategies and moves more business online. The good news is, eCommerce...
