Done Deal: New York & Company sold (2024)

New York & Company has begun a new chapter under new owners —as a digital-only company.

RTW Retailwinds, the bankrupt parent company of New York & Company and Fashion to Figure, has closed on the sale of its e-commerce business and all related intellectual property, including its websites, rental subscription businesses and certain other assets to Saadia Group, a New York investment company. The sale was previously approved by the bankruptcy court on September 4, 2020.

“Looking to the future, we believe the new company is well-positioned for organic growth within the digital space with both the New York & Company and Fashion to Figure brands,” said Sheamus Toal, CEO of RTW. “We see significant opportunities to grow our digital footprint through brand extensions, targeted brand marketing and comprehensive consumer engagement.”

In a statement, Rob Shapiro of BRG and chief restructuring officer to RTW noted that the transaction allowed the retailer to preserve a large number of jobs deliver a meaningful recovery to unsecured creditors.

“This outcome is particularly satisfying given the current environment, where many retailers’ bankruptcy filings have resulted in full liquidations and minimal distributions due to COVID-19,” he said.

Added Jack Saadia, CEO of Saadia Group: “We believe in the New York & Company and Fashion to Figure brands and the opportunity to use these e-commerce platforms to continue to grow the business as we move forward.”

Done Deal: New York & Company sold (2024)

FAQs

What is going on with New York and company? ›

New York & Co.

New York & Company's parent company, RTW Retailwinds Inc., filed for Chapter 11 Bankruptcy on July 13. The clothing retailer announced that it was closing all of its stores shortly thereafter.

How do I contact Comenity Bank New York and company? ›

Phone: Call Customer Care at 1-800-889-0494 (TDD/TTY: 1-800-695-1788). An expedited fee may apply. Comenity's EasyPay: Pay securely without setting up an account.

How do I contact New York and company customer service? ›

ONLINE ORDERS & SHOPPING
  1. For help placing an order or for questions about your existing nyandcompany.com order:
  2. Email: service@nyandcompany.com.
  3. Phone: Call 1.888.996.4110 Monday-Friday, 9AM - 6PM EST Saturday & Sunday, 10AM - 6PM EST.

Did New York and company get bought out? ›

RTW Retailwinds, (formerly New York & Co.), has agreed to sell its e-commerce business and intellectual property to apparel brand firm Sunrise Brands, RTW announced on Tuesday.

Why are many people leaving NYC? ›

New Yorkers are so worried about crime, sky-high housing costs and struggling schools, 27% percent of state residents said they want to move away in the next five years, a survey revealed Wednesday.

Are people going back to the office in NYC? ›

The survey showed return rates to the office are heading towards the “new normal” of 56% occupancy as anticipated by employers. By the end of January 2023, 52% of Manhattan office employees could be found at their workplace on any given weekday, which is an increase from the 49% present in September of last year.

How do I fight Comenity Bank? ›

Credit report disputes If you believe the account information we reported to a consumer reporting agency is inaccurate, you may submit a direct dispute to Comenity Bank, PO Box 182789, Columbus, OH 43218 -2789.

Is there a class action lawsuit against Comenity Bank? ›

Law360 (July 27, 2022, 3:46 PM EDT) -- Credit card issuer Bread Financial and its subsidiary Comenity Capital Bank have been hit with a proposed class action in an Ohio federal court brought by consumers who say they were prevented from accessing their accounts and hit with late fees because of a customer service ...

What happens if you don't pay Comenity Bank? ›

Collections Process. If you default on any of your Comenity accounts, or with any of your other creditors, and you are unable to work out a solution with them, you will end up in collections. Not every creditor treats all their delinquent accounts.

How do I talk to customer service directly? ›

Explain your problem to the agent.
  1. Talk slowly and clearly.
  2. Don't make assumptions about what they know or don't know.
  3. Include specific examples about your issue.
  4. Ask them to restate your issue after you're done explaining it.

How do I talk to a customer representative? ›

Ask how they are and use their name if they give it. Explain your problem clearly, but don't take too much time, because call center workers are strongly encouraged to deal with calls swiftly. It's smart to try to elicit sympathy and get them on your side. Patiently follow the directions they give you.

How to contact nyc department of consumer worker protection? ›

Contact. Phone: 311 or 212-NEW-YORK (212-639-9675) from outside New York City.

Why did New York and Company close down? ›

"The combined effects of a challenging retail environment coupled with the impact of the Coronavirus (COVID-19) pandemic have caused significant financial distress on our business, and we expect it to continue to do so in the future," Sheamus Toal, RTW Retailwinds CEO and chief financial officer, said in the release.

When did selling New York end? ›

The show ended after its fourth season in 2014.

Is New York and Company closing for good? ›

The company is expected to close all New York locations on Jan. 27, 2023.

What percent of NYC is black? ›

Immigrant Africans, Caribbeans, and African Americans make up 25.1% of New York City's population. According to the U.S. Census Bureau, there were 2,086,566 black people residing in New York City.

What is the white population in New York City? ›

Below is a general breakdown of the current population of New York City: White (Non-Hispanic or Latino): 31.9% Hispanic: 28.9% African-American: 23.8%

Why do New Yorkers live longer? ›

In 1990, a stunning 2,272 New Yorkers were murdered; in 2005, that number dropped to 579. Since a majority of those being killed were younger men, the reduced murder rate alone added tens of thousands of years to New York's life-expectancy pool. Another big drop was in HIV mortality rates.

What percentage of NYC is back in the office? ›

The percentage of workers in New York City offices has climbed from 38% in the spring to nearly 50%, according to the latest data from the Partnership for New York City. Less than 10% of workers are back in the office full-time.

What percent of workers are back in the office in NYC? ›

The survey found only 9 percent of workers are back at the office five days a week — a number that's unchanged from September. The number of fully remote workers did tick down from 16 percent in September to 10 percent in January, according to the study.

How is New York City right now? ›

Today's Weather - New York, NY. Mostly cloudy with a chance of showers with isolated thunderstorms. Lows in the upper 60s. South winds 5 to 10 mph.

Why is Comenity closing accounts? ›

Comenity Bank Credit Card Closure Due To Inactivity.

What bank owns Comenity Bank? ›

The bank is a subsidiary of Bread Financial, a financial services company, which recently changed its name to Bread Savings. The parent company also oversees Alliance Data Retail Services, which is also a credit card company.

Did Comenity Bank get bought out? ›

Comenity is now Bread Financial. We've expanded beyond credit (credit cards managed by Comenity Bank or Comenity Capital Bank) and saving products to provide simple, personalized payment, lending and saving solutions.

What credit cards are linked to Comenity Bank? ›

Stores that offer retail credit cards through Comenity Bank
  • Ann Taylor Credit Card*
  • Welcome Rewards™ Store Credit Card (Bed Bath & Beyond)*
  • Big Lots Credit Card*
  • Eddie Bauer Credit Card*
  • IKEA® Projekt Credit Card*
  • Sephora Visa® Credit Card*
  • Ultamate Rewards® Credit Card (Ulta Beauty)*
Jan 25, 2023

Does paying a credit card settlement affect your credit? ›

Debt settlement will have a negative impact on your credit score, even though you are reducing your debt obligations. High credit scores are designed to reward those accounts that have been paid on time according to the original credit agreement before they're closed.

What happens if we go for credit card settlement? ›

Credit card debt settlements hurt your credit score almost as much as filing for bankruptcy does. These settlements severely damage your score, and it can take several years to recover from it.

What happens if you never pay back your credit card? ›

If you don't pay your credit card bill, you'll rack up late fees and interest charges. Your credit score could drop by over 100 points. The debt will likely go to collections, and you could eventually be sued.

What happens if a credit card company sues you and you can t pay? ›

After the credit card company wins the lawsuit filed against you, they can request the court's permission to garnish your wages. They may also petition the court for a judgment lien. A lien will be placed on your assets, e.g., your home or car.

How can I get Comenity off my credit report? ›

You cannot remove inquiries from your credit report unless the information listed is incorrect. If there is an error, you can file a dispute with the three major credit bureaus to have it removed, but the information will remain on your report for seven years if it is accurate.

How do I bypass automated answering? ›

Common Cheats to Bypass IVR
  1. First find the correct toll-free phone number by calling 1-800-555-1212 or by searching Google for company name plus "phone numbers".
  2. Press 0 (or 0# or #0 or 0* or *0) repeatedly, sometimes quickly. ...
  3. Say "get human" (or "agent" or "representative") or shout your favorite four letter word.
Jan 20, 2006

What to do when customer service ignores you? ›

10 Effective Ways to Respond to Poor Customer Service
  1. Talk to someone on the phone.
  2. Send an email if you can't get someone on the phone.
  3. Call the company out on social media.
  4. Be kind and respectful.
  5. Ask to speak to a supervisor.
  6. Work toward a resolution.
  7. Ask for a refund.

How can I get through customer service faster? ›

7 Tips for Getting Better Customer Service
  1. 7 AM is the Best Time to Call. ...
  2. Wednesdays and Thursdays are the Best Days to Call. ...
  3. How to Win Over a Customer Service Agent and Save Time.
  4. Talk to a Real Person. ...
  5. Come Prepared. ...
  6. Be Polite. ...
  7. Use the Power of Empathy. ...
  8. Ask for the Same Agent.

What phone number is 800 934 6489? ›

Call 1-800-XFINITY (1-800-934-6489)

What is the number for NYC complaints? ›

Contact 311

311 is available online, by texting 311-692, or by calling 3-1-1 from within the City or 212-NEW-YORK outside the five boroughs. TTY service is also available by dialing 212-504-4115.

How do I file a consumer complaint in New York? ›

Ways to File a Consumer Complaint

Register or log in account with the City of New York to submit your complaint online. OR. If you do not want to register an account, you can submit a complaint at 311 Online. Note: DCWP will consider your complaint a tip if you do not provide your contact information.

Who investigates consumer complaints? ›

Federal Trade Commission (FTC) Consumer Response Center

Federal Trade Commission (FTC). The FTC works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace, and to provide information to help consumers spot, stop, and avoid them.

What is going on with New York and Company? ›

New York & Co.

New York & Company's parent company, RTW Retailwinds Inc., filed for Chapter 11 Bankruptcy on July 13. The clothing retailer announced that it was closing all of its stores shortly thereafter.

Why are so many big stores closing? ›

Several forces are pushing chains out of some city centers: a glut of stores, people working from home, online shopping, exorbitant rents, crime and public safety concerns, and difficulty hiring workers. To reinvent downtown retail, drastic changes may be required. Major retailers have pulled back from cities.

How many restaurants have closed in NYC? ›

At least 4,500 food businesses have shuttered since March 2020.

Why was Selling New York cancelled? ›

We couldn't do what makes the show fun,” he said. “Honestly, it was so hard working around Covid unless we can get back to the fun way to do it, it didn't make sense for the cast members.” The first woman to join the New York cast, Kirsten Jordan, had mixed feelings about its ending.

What is the oldest shop in New York? ›

Sometimes you just want to escape back to a simpler time. One nostalgic place where you can do just that is the St. James General Store, the oldest general store in New York. With how developed Long Island is nowadays, it's hard to imagine anything so quaint existing there.

When did New York become so expensive? ›

In Manhattan and elsewhere, housing prices have soared over the 1990s. Rising incomes, lower interest rates, and other factors can explain the demand side of this increase, but some sluggishness on the supply of apartment buildings also is needed to account for the high and rising prices.

What companies are going out of business in 2023? ›

More than a dozen major retailers have said they will close US stores in 2023, a combined total of over 2,100 locations. Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores. Bed Bath & Beyond is planning to close 896 locations — the most of any retailer on the list.

Are companies leaving NY? ›

There is a steady exodus of businesses moving out of New York and California and the pandemic may have completely changed the way companies operate. Now that working from home has taken its hold, the trend offers CEOs options. No longer do they have to pay for expensive real estate in New York City or San Francisco.

Is New York overpriced? ›

Yes, it is generally considered expensive to live in New York City compared to many other cities in the United States and around the world. The high cost of living in the city is due to a combination of factors. Including high housing costs, taxes, transportation costs, and other expenses.

Why is New York and Company going out of business? ›

The company employs 1,005 people in New York State. All will be out of work, according to the WARN notice. "Economic" is the listed reason for the closures.

Why are New York and Company stores closing? ›

The owner of women's fashion retail chain New York & Company announced Monday it has filed for bankruptcy and will “close a significant portion, if not all” brick-and-mortar stores due to the financial impact of the coronavirus pandemic.

Why is New York going on a state emergency? ›

New York Gov. Kathy Hochul declared a state of emergency Tuesday as a pandemic-era immigration policy is set to end and border communities brace for surge in crossings.

Is New York in financial trouble? ›

New York City, battered by economic headwinds and mired in a stubborn pandemic-driven downturn afflicting employment, tourism and tax revenue, is teetering on the brink of a severe budget crisis. For the first time in six years, city officials expect that business tax revenue will decline.

What is the name of the biggest company in New York? ›

What is the largest company in New York? IBM is the largest company in New York with over 350,000 employees.

Why are all clothing stores out of stock? ›

Fashion retailers are sitting on piles of unsold clothing due to a hangover from previous supply chain issues, and poor demand for current season stock. An easing of supply chain disruption has led to a pile up of products in warehouses as lead times from east Asia have shortened.

Why do retail stores go out of business? ›

UBS pointed to three factors causing retail locations to close: the ever-growing prominence of online shopping; increased borrowing costs and customers tightening their wallets due to inflation.

How many stores are closing in the US? ›

More than 2,100 stores are closing across the US in 2023. Here's the full list. More than a dozen major retailers have said they will close US stores in 2023, a combined total of over 2,100 locations. Amazon, Bath & Body Works, Walmart, and Foot Locker are among the chains shutting down stores.

Is Worth New York still in business? ›

Four years later in February 2020, the brand was forced into Chapter 7 by creditors. New Water took on $20 million in debt to purchase the company for $40 million, according to a WWD report. New Water didn't respond to requests for comment. In its heyday, Worth Collection had about 1,400 stylists across the country.

Who bought New York? ›

Peter Minuit, Minuit also spelled Minnewit, (born c. 1580, Wesel, Kleve [Germany]—died June 1638, Caribbean Sea), Dutch colonial governor of New Amsterdam who is mainly remembered for his fabulous purchase of Manhattan Island (the nucleus of New York City) from the Indians for trade goods worth a mere 60 guilders.

What is the emergency response time in New York? ›

The average response time was nine minutes and 30 seconds in the 2022 fiscal year. The average response time was eight minutes and 28 seconds in 2019. The 2022 fiscal year spanned from July 1, 2021 to June 30, 2022.

Can you cold call in New York? ›

General Business Law §399-z(5)(a) states “It shall be unlawful for any telemarketer doing business in this state to knowingly make an unsolicited telemarketing sales call to any person in a county, city, town or village under a declared state of emergency or disaster emergency as described in sections twenty-four or ...

Is New York under martial law? ›

Declaring martial law is broadly considered to be an action of last resort – only to be used in case of certain severe emergencies. As such, it has never been done by any Governor of New York. In fact, martial law has not been declared in any state in the nation in more than 50 years.

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