New York & Co. Parent Preparing Bankruptcy That Shuts All Stores
- RTW Retailwinds plan could close all stores after court filing
- The retailer also owns Fashion to Figure and Happy x Nature
A pedestrian wearing a protective mask walks near a temporarily closed New York & Co. store in Silver Spring, Maryland on June 5.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
The parent of New York & Co. is preparing for a bankruptcy filing that would include plans to shut all of the discount apparel chain’s stores, according to people with knowledge of the matter.
RTW Retailwinds Inc., which also owns Fashion to Figure and Happy x Nature, warned earlier this month that a bankruptcy filing was probable, citing a loan default, and said it could close a significant portion, if not all, of its 387 stores.