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New York & Company names new COO

NEW YORK — New York & Company, a specialty apparel chain with 541 retail stores in operation as of May 17, has named Laura Weil as EVP, COO, effective immediately. Weil, an executive consultant of New York & Company since Feb. 1, will continue to report to Greg Scott, CEO, and lead the company’s planning and allocation, sourcing, product life management, real estate, and information technology areas.

“We are pleased to have Laura join our company in a permanent position on our executive team,” stated Greg Scott, New York & Company’s CEO. “Laura is a talented leader with a proven turnaround record in women’s retail. In her short time with our organization, Laura has been an effective business partner to me and our entire executive team. She has already made valuable contributions to our business processes and in several key operational areas including our merchandise planning process. Importantly, she shares our vision and corporate values making her a natural fit for this key role. With this addition, we have assembled a strong leadership team across all areas of our company from design to merchandising, marketing, operations, finance, and human resources. We expect the combined efforts of our executive team to position our company for improved operating performance and positive long term growth.”

Weil joins New York & Company following a successful career in retail and investment banking spanning more than 25 years. Prior to joining New York & Company, she was CEO of Ashley Stewart, a fashion apparel and accessory retailer for women, from 2008 to 2011. Before that, she served as COO and senior EVP of Ann Taylor. From 1995 to 2005, she spent ten years as CFO and EVP of American Eagle Outfitters. Weil has held various consulting positions throughout her career and began her career at Lehman Brothers as a corporate finance analyst.

“I am equally excited to join the Company in a permanent role and believe strongly in the ability of New York & Company to become a destination for fashionable wear-to-work solutions at a great value,” stated Laura Weil, EVP and COO. “A significant opportunity exists to build upon the Company’s strategies and create a more powerful operational platform that is poised for sustained growth. I look forward to continuing to partner with Greg and the entire executive team to achieve our goals.”

About New York & Company

New York & Company, Inc. is a leading specialty retailer of women's fashion apparel and accessories, and the modern wear-to-work destination for women, providing perfectly fitting pants and NY Style that is feminine, polished, on-trend and versatile—all at an amazing value. The Company's proprietary branded New York & Company® merchandise is sold exclusively through its national network of retail stores and eCommerce store at www.nyandcompany.com. As of May 17, 2012, the Company operated 541 retail stores in 43 states. Additionally, certain product, press release and SEC filing information concerning the Company are available at the Company's website: www.nyandcompany.com.

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