New York & Co. begins liquidating stores after bankruptcy filing

Clothing retailer New York & Co. has begun liquidating its stores just two weeks after its parent company, RTW Retailwinds Inc., filed for bankruptcy. RTW Retailwinds, an omni-channel specialty apparel retail platform, on July 13 said it filed for Chapter 11 bankruptcy protection and said it planned to close most of its brick-and-mortar stores, as well as possibly sell its e-commerce business and related intellectual property. Los Angeles-based B. Riley Financial Inc. (Nasdaq: RILY) on Tuesday…