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New York & Company to close stores after parent company declares...

The chain was founded in New York City in 1918 as Lerner Shops.

Dressbarn to wind down business, shut 660 stores

"This decision was difficult, but necessary," said Chief Financial Officer Steven Taylor.

Apparel retailer Lyn Evans going out of business

Lyn Evans, which operates stores in New Canaan and Ridgefield, plus four stores in Massachusetts, will host a closing sale beginning on June 28.