Epsilon Notifies New York & Company of Email Database Breach

NEW YORK--(EON: Enhanced Online News)--New York & Company, Inc. (the “Company”) [NYSE: NWY], a specialty apparel chain with 555 retail stores, announced today that it was informed by Epsilon, a third-party vendor used to manage email communications, that Epsilon had a breach of its database that stores customers’ names and email addresses only. The Company was advised by Epsilon that the files accessed did not include any customer financial information, and Epsilon has stressed that the only information accessed was names and email addresses.

The Company is currently in the process of advising its affected customers of the incident and urges customers to use caution when opening links or attachments from unknown third parties. New York & Company also reminds its customers that it will never ask for personal information in an email.

New York & Company apologizes to customers for any inconvenience that this may cause.

Forward Looking Statements: This press release contains certain forward looking statements. Some of these statements can be identified by terms and phrases such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “continue,” “could,” “may,” “plan,” “project,” “predict”, and similar expressions and include 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 impact of general economic conditions and their effect on consumer confidence and spending patterns, which have deteriorated significantly and may continue to do so for the foreseeable future; (ii) the potential for current economic conditions to negatively impact the Company's merchandise vendors and their ability to deliver products; (iii) the Company’s ability to open and operate stores successfully; (iv) seasonal fluctuations in the Company’s business; (v) the Company’s ability to anticipate and respond to fashion trends; (vi) the Company’s dependence on mall traffic for its sales; (vii) the Company’s dependence upon the success of its brand; (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) changes in the cost of raw materials, distribution services or labor, including federal and state minimum wage rates; (xii) the Company’s reliance on foreign sources of production; (xiii) the Company’s ability to successfully maintain its restructuring and cost reduction program; (xiv) the Company’s ability to protect its trademarks and other intellectual property rights; (xv) the Company’s ability to maintain, and its reliance on, its information technology infrastructure; (xvi) the effects of government regulation; (xvii) the control of the company by its sponsors and any potential change of ownership of those sponsors; and (xviii) other risks and uncertainties as described in the Company’s documents filed with the SEC, including its Annual Report on Form 10-K and 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.

About New York & Company, Inc.

New York & Company, Inc. is a leading specialty retailer of women’s fashion apparel and accessories offering the latest NY Style. The Company’s proprietary branded New York & Company ® 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 555 stores in 43 states. Additionally, certain product, press release and SEC filing information concerning the Company is available at the Company’s website: www.nyandcompany.com.