RTW Retailwinds Inc., the owner of women’s apparel seller New York & Co., could be the next struggling retailer to file for bankruptcy protection as the Covid-19 pandemic batters mall-based stores, Bloomberg News reported. The New York-based company said in a filing yesterday that there’s a “substantial doubt” about its ability to continue as a going concern, calling bankruptcy “probable.” It also said that it would need more time before issuing its annual report. The company was having trouble even before the coronavirus disruption. In December, RTW said it would close up to 30 stores and reevaluate its store network as its New York & Co. locations struggled to attract shoppers. It also said that it would look into subleasing office space.
