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

The parent organization of clothing retailer New York & Co. 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 Chapter 11 reorganization 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 alternatives, including…