SAN FRANCISCO (KRON) – The parent company of fashion retailer New York & Company has filed for bankruptcy.
RTW Retailwinds, Inc. announced Monday it has filed for Chapter 11 bankruptcy protection and said in a news release it has “launched a store closing and liquidation process.”
RTW officials said it had been struggling due to a decline in foot traffic even before the coronavirus pandemic hit.
Other stores that have also filed for bankruptcy amid the pandemic include J.C. Penney, Brooks Brothers, Neiman Marcus, J. Crew, GNC, and Chuck E. Cheese’s.
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