New York & Company, Inc. Announces Addition of New Independent Director Miki Racine Berardelli to Its Board
January 12 2018 - 6:45AM
Business Wire
New York & Company, Inc. [NYSE:NWY], a specialty
apparel chain with 459 retail stores, announced the appointment of
Miki Racine Berardelli as an independent director to its Board of
Directors, effective January 3, 2018. Ms. Berardelli brings to the
Company’s Board significant experience in digital marketing and
commerce in the apparel retail industry. The background of Ms.
Berardelli builds upon the talents of the existing Board members,
which now includes eight independent members.
Ms. Berardelli, 47, has served as Chief Executive Officer of
Kidbox, a fast-growing start-up digital commerce business selling
children’s apparel and accessories, since 2016. Before joining
Kidbox, from 2014 to 2016, Ms. Berardelli served as President,
Digital Commerce & Chief Marketing Officer of Chico’s FAS, Inc.
From 2009 to 2014, Ms. Berardelli served as Chief Marketing Officer
of Tory Burch LLC, and from 2002 to 2009 she served as Senior Vice
President of Marketing and in a number of other senior-level
marketing positions for Polo Ralph Lauren Corporation. From October
2013 to August 2014, Ms. Berardelli was a member of the board of
directors of Sport Chalet, Inc., a specialty sporting goods
retailer. She holds an M.S. from Northwestern University and a B.A.
from the University of Iowa.
Grace Nichols, New York & Company’s Non-Executive Chair of
the Board of Directors, stated: “We are excited to welcome Miki to
our Board of Directors and look forward to benefiting from her
strong background in brand building, digital and social marketing
and e-commerce, demonstrating our ability to grow our Board with
the talented people who possess the skills and expertise to assist
us to achieve our goals. Her deep knowledge and proven track record
will be highly valuable to our Company as we look to more closely
connect with our consumers to further increase brand awareness,
consumer loyalty and drive sales across our brick-and-mortar and
digital channels. We are proud to have a diverse Board which is now
comprised of eight independent directors, five of whom are women
who have a special appreciation for how the New York & Company
brand makes women look great and feel good.”
About New York & Company
New York & Company, Inc. is an omni-channel women’s fashion
retailer designing on-trend and versatile collections at a great
value. The specialty retailer, first incorporated in 1918, has
grown to now operate 459 retail and outlet locations in 39 states
while also growing a substantial eCommerce business. Its branded
merchandise, including collaborations with Eva Mendes and Gabrielle
Union, is sold exclusively at these locations and online at
www.nyandcompany.com. Additionally, certain product, press release
and SEC filing information concerning the Company are available at
the Company's website: www.nyandcompany.com.
Forward-looking Statements
This press release contains certain forward-looking statements,
including statements made within the meaning of the safe harbor
provisions of the United States Private Securities Litigation
Reform Act of 1995. Some of these statements can be identified by
terms and phrases such as “expect,” “anticipate,” “believe,”
“intend,” “estimate,” “continue,” “could,” “may,” “plan,”
“project,” “predict,” and similar expressions and references to
assumptions that the Company believes are reasonable and relate to
its future prospects, developments and business strategies. Such
statements are subject to various risks and uncertainties that
could cause actual results to differ materially. These include, but
are not limited to: (i) the Company’s dependence on mall traffic
for its sales and the continued reduction in the volume of mall
traffic; (ii) the Company’s ability to anticipate and respond to
fashion trends; (iii) the impact of general economic conditions and
their effect on consumer confidence and spending patterns; (iv)
changes in the cost of raw materials, distribution services or
labor; (v) the potential for economic conditions to negatively
impact the Company's merchandise vendors and their ability to
deliver products; (vi) the Company’s ability to open and operate
stores successfully; (vii) seasonal fluctuations in the Company’s
business; (viii) competition in the Company’s market, including
promotional and pricing competition; (ix) the Company’s ability to
retain, recruit and train key personnel; (x) the Company’s reliance
on third parties to manage some aspects of its business; (xi) the
Company’s reliance on foreign sources of production; (xii) the
Company’s ability to protect its trademarks and other intellectual
property rights; (xiii) the Company’s ability to maintain, and its
reliance on, its information technology infrastructure; (xiv) the
effects of government regulation; (xv) the control of the Company
by its largest stockholder and any potential change of ownership;
and (xvi) other risks and uncertainties as described in the
Company’s documents filed with the SEC, including its most recent
Annual Report on Form 10-K and subsequent Quarterly Reports on Form
10-Q. The Company undertakes no obligation to revise the
forward-looking statements included in this press release to
reflect any future events or circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20180112005190/en/
Investor/Media Contact:ICR, Inc.Investor: Allison Malkin,
203-682-8200
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