New York & Company parent is latest retailer to declare bankruptcy amid Covid challenges

The parent organization of clothing retailer New York & Company has voluntarily filed bankruptcy and said it plans to close most, if not all, of its brick-and-mortar stores. RTW Retailwinds, Inc., an omni-channel specialty apparel retail platform, has filed voluntary petitions for relief under Chapter 11 of the bankruptcy code in the U.S. Bankruptcy Court for the District of New Jersey. The company said in a statement it has launched a store closing and liquidation process and is evaluating strategic…