New York & Company Could Close ALL Stores + Liquidation Sales
Women’s fashion retailer New York & Company could close ALL of its stores or a significant portion of them in bankruptcy, parent company RTW Retailwinds, Inc. announced Monday.
RTW Retailwinds filed for Chapter 11 bankruptcy protection Monday in U.S. Bankruptcy Court for the District of New Jersey and said in a news release that it has “launched a store closing and liquidation process.”
- The Company expects to close a significant portion, if not all, of its brick-and-mortar stores. And, has launched a store closing and liquidation process. For now, the Company will continue to operate its business, including continuing to re-open its previously temporarily closed brick-and-mortar stores, when and where appropriate; and
- The Company is evaluating strategic alternatives, including the potential sale of its eCommerce business and related intellectual property.
Our hearts go out to the employees affected by these shutdowns. And, to the consumers who rely on these stores.
COVID Retail Apocalypse
This news comes on the heels ofretail giants such as J.C. Penney declared bankruptcy and plans to close 200 stores, And, Victoria’s Secret and Bath & Body Works announced they were closing 300 stores. Gordmans bankruptcy and store closings. Tuesday Morning stores declare bankruptcy. And, of course, Pier One Imports closing all of their stores. Shortly after Neiman Marcus, another department store giant, declared Chapter 11 bankruptcy amid the coronavirus pandemic. And, most recently The Children’s Place announced they would close 300 stores. and 24-Hour fitness closes doors to nearly half of its clubs. See all of the recent store closings in the Covid Retail Apocalypse.
See all the 2020 Stores Closing here.