A women’s clothing retailer will shut down both of its Richmond-region stores as its parent company declares bankruptcy.
New York and Co. locations at Short Pump Town Center and Chesterfield Towne Center are closing. That follows the Chapter 11 bankruptcy filing this month of New York-based parent company RTW Retailwinds Inc.
The company owns New York and Co. along with other brands, and announced it would close “a significant portion, if not all, of its brick-and-mortar stores.”
It’s unclear when the two local stores will close for good. A New York and Co. spokeswoman didn’t respond to a request for comment. A spokeswoman for Brookfield Properties, which owns Short Pump and Chesterfield Towne Center, didn’t respond to a request for comment.
Both stores advertised closing sales Tuesday.
RTW is a publicly traded company with about 378 stores in 32 states. It has 18 New York and Co. stores in Virginia, according to the company’s website.
The company said its bankruptcy filing was related to economic disruptions brought on by the coronavirus pandemic amid general challenges in the retail sector.
The departure of New York and Co. from Richmond comes amid a larger culling of malls’ tenants.
Nordstrom announced in May it would permanently close at Short Pump. The anchor tenant had moved out of its 120,000-square-foot space by mid-July.