New York & Company

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RTW Retailwinds, Inc.
Public
Traded asNYSERTW
Russell 2000 Index component
IndustryRetail
Founded1918
Headquarters330 West 34th Street
New York
Number of locations
553 (2011)[1]
Key people
Gregory J. Scott, CEO
ProductsWomen's Apparel & Accessories
RevenueDecreaseUS$929.1 million (2016)
DecreaseUS$-15.4 million (2016)
DecreaseUS$-17.3 million (2016)
Total assetsIncreaseUS$301.6 million (2016)
Total equityDecreaseUS$79.17 million (2016)
Number of employees
5,885 (2017)
Websitewww.nyandcompany.com

New York & Company, Inc. (NY&C) is an American wear-to-work retailer for women. New York & Company apparel and accessories are sold through a nationwide network of retail stores, New York & Company Outlet Stores and through its e-commerce site. In November of 2018 its name was changed to RTW Retailwinds, Inc.

NY&C headquarters are in New York City as is the flagship store located on 58th Street and Lexington Avenue.

New York & Company was founded in 1918 as Lerner Shops by Samuel A. Lerner and Harold M. Lane in New York City. Samuel Lerner was the uncle of lyricist Alan Jay Lerner. In 1992, the company changed its name to Lerner New York and in 1995 to New York & Company. They have been publicly traded since 2004.

NY&C history[edit]

  • 1918 - The Lerner brothers, blouse manufacturers, opens the first Lerner Shops store in New York City; 18 more shops open later that year
  • 1930 - The first West Coast Lerner Shops location opens in Los Angeles, California
  • 1985 - Limited Brands purchases the company
  • 1992 - The company changes its name to Lerner New York
  • 1995 - The company changes its name to New York & Company, one of several labels Lerner New York carries
  • 2002 - New York & Company becomes an independent company when it is purchased from Limited Brands by Bear Stearns Merchant Banking[2]
  • 2004 - New York & Company goes public[3]
  • 2005 - Flagship NY&C store opens in New York City at 58th Street and Lexington Avenue
  • 2006 - E-commerce site nyandcompany.com is launched
  • 2010 - The New York & Company Outlet division is launched
  • 2012 - NY&C Beauty, including fragrance, lip, and nail products, is launched
  • 2013 - The Eva Mendes Collection,[4] an exclusive collection designed in collaboration with actress Eva Mendes, is launched nationwide

Celebrity advertisements[edit]

Celebrities who have appeared in advertisements for New York & Company include Eva Longoria,[5] Brooke Shields,[6] Iman, Cindy Crawford, Jennifer Hudson, Maria Menounos, Ellen Pompeo, Patrick Dempsey,[7] Eva Mendes and Gabrielle Union.

References[edit]

  1. ^ New York & Company, Inc. Announces First Quarter 2011 Results
  2. ^ Bear Stearns Merchant Banking Announces Purchase of New York & Company
  3. ^ New York & Company, Inc. Announces Pricing of Initial Public Offering.
  4. ^ "Eva Mendes Gives Peek at New Line, Shares Beauty Tips". http://abcnews.go.com/. ABC News; Good Morning America. Retrieved 4 April 2014. External link in |website= (help)
  5. ^ Lockwood, Lisa. "New York & Co. Signs Eva Longoria" (08/11/2005). WWD.
  6. ^ "Brooke Shields, Print Ad". https://www.imdb.com. External link in |website= (help)
  7. ^ Marsi, Steve. "Ellen Pompeo and Patrick Dempsey For New York & Company: Holiday Style". Retrieved 6 November 2006.

External links[edit]