MERIDEN — Girls’s fashion retailer New York & Co. is closing its retailer at Westfield Meriden mall in January, an organization spokeswoman confirmed Friday.
“As a part of the conventional course of our enterprise, we routinely consider the location of our shops,” stated New York & Co. spokeswoman Angela Apolito, “In some circumstances, our lease could also be expiring, in others, we could select to shut the shop for various causes. As we consider these areas, we additionally determine new alternatives. For instance, this October we've got opened two new shops in Sherman Oaks, California, and New York Metropolis, N.Y.”
It remained unclear whether or not New York and Co.’s lease was to run out within the mall. Representatives from Westfield Meriden mall couldn't be reached for remark Friday.
Retailer staff stated indicators asserting the closure would go up in November and consumers can count on deep gross sales. Coupons and reward playing cards from different shops shall be accepted at seven different New York & Co. retailers within the state. Further questions had been referred to the company workplace.
The chain has shops in Waterbury, Milford, Waterford, Danbury, Ledyard, Manchester and Trumbull.
New York & Co. is a longtime staple at malls. It was initially known as Lerner Retailers from 1918 to 1992 and specialised in profession put on for working girls. In 1985, it was bought by Restricted Manufacturers and renamed Lerner New York in 1992. After one other sale in 2002, it turned an impartial firm. In 2010, it launched its outlet division adopted by a perfume, lip and nail product line. In 2013, the chain collaborated with actress Evan Mendes to launch an unique assortment and has since partnered with different celebrities.
Based on its second-quarter filings, New York & Co. reported that it expects to open two shops underneath quick-time period versatile leases, refresh 5 shops and shut two shops. The transfer will depart New York & Co. ending the third quarter of fiscal yr 2017 with 460 shops, together with 125 outlet shops.
New York & Co. reported second-quarter web gross sales of $224. million, lowering three.7 % as in comparison with $232.eight million within the prior yr, however reflecting double-digit progress in eCommerce. Comparable retailer gross sales decreased . %, the corporate reported in August.