Josh Arnold
Long/short equity

New York & Co.: Buy This Turnaround Story Before Everyone Else Does

Overview

New York & Company, Inc. (NYSE:NWY) is a specialty retailer of women's fashion apparel and accessories, focusing on "modern wear-to-work" apparel that captures the latest emerging trends in women's fashion. The company's New York & Company branded stores focus on fashion conscious, value-oriented women between the age of 25 and 45 and with annual household income ranging from $40,000 to $75,000. The company was founded in 1918 in New York City and operated as an autonomous entity until 1985, when it became part of Limited Brands (LTD). In 2002, the company became a stand-alone entity once more and eventually offered common stock to the public in October of 2004 at a price of $17.00 per share, raising...

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