New York & Company Inc, formerly known as NY & Co. Group Inc was incorporated in the state of Delaware on November 8, 2002. The Company together with its subsidiaries is a specialty retailer of women's fashion apparel and accessories, and the modern wear-to-work destination for women, providing fitting pants and NY Style that is feminine, polished, on-trend and versatile. It offers a merchandise assortment consisting of wear-to-work, casual apparel and accessories, including pants, dresses, jackets, knit tops, blouses, sweaters, denim, t-shirts, activewear, handbags and jewelry. L Brands provides the Company with certain warehousing and distribution services under the transition services agreement. The Company competes with traditional department stores, specialty store retailers, discount apparel stores and direct marketers for, among other things, customers, raw materials, market share, retail space, finished goods, sourcing and personnel. Its brands include New York & Company, NY&C, City Style, NY Style, Soho Jeans, Lerner, and Lerner New York. The Company is subject to federal and state minimum wage laws, as well as various business customs, truth-in-advertising, truth-in-lending and other laws, including consumer protection regulations and zoning and occupancy ordinances that regulate retailers generally and/or govern the importation, promotion and sale of merchandise, the use of the Company's proprietary credit cards and the operation of retail stores and warehouse facilities.
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