New York & Company Names Grace Nichols to the Board of Directors
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New York & Company, Inc. (NYSE: NWY), a specialty apparel chain with 579
New York & Company stores, today announced the appointment of Grace
Nichols, former Chief Executive Officer of Victoria’s
Secret Stores, to the Board of Directors. This appointment fills the
vacancy on the New York and Company Board and brings the membership to
12 members.
"We are pleased to announce the addition of
Ms. Nichols to our board and look forward to her contributions drawn
from her wealth of retail experience” said
Richard P. Crystal, Chairman and Chief Executive Officer of New York &
Company. "We are confident that Grace’s
strengths will greatly compliment our board’s
existing expertise as we focus on continuing the successful growth of
New York & Company.”
With over thirty five years of retail experience, Ms. Nichols spent
twenty years at Victoria’s Secret Stores and
was the Chief Executive Officer from 1992 until her retirement in
January 2007. Under her leadership, the business grew from 100 to nearly
1,000 stores and from $100 million dollars in revenue to over $3.5
billion dollars in revenue. Prior to Victoria’s
Secret Stores, Ms. Nichols worked as the General Merchandising Manager
of Women’s at Broadway Department Stores and
began her career at Carter, Hawley, Hale Inc.
Ms. Nichols currently serves on the Board of Directors of Pacific
Sunwear and is an active member of the Board of Governors of The World
of Children, a not-for-profit organization working to better the lives
of children worldwide. Her position on New York & Company’s
Board of Directors is effective March 19, 2008.
About New York & Company, Inc.
New York & Company, Inc., founded in 1918, is a leading specialty
retailer of fashion-oriented, moderately-priced women's apparel. The
Company's proprietary branded New York & Company (TM) merchandise is
sold exclusively through its national network of New York & Company
retail stores and E-commerce store at www.nyandcompany.com. The Company
currently operates 579 New York & Company stores in 44 states.
Additionally, certain product, press release and SEC filing information
concerning the Company are available at the Company's website:
www.nyandcompany.com.
