New York & Company, Inc. is a specialty retailer of women's fashion apparel and accessories. The Company's proprietary branded New York & Company merchandise is sold through its national network of retail stores and electronic commerce (e-Commerce) store at www.nyandcompany.com. The target customers for the Company's merchandise are women between the ages of 25 and 45. As of January 28, 2012, the Company operated 532 stores with 2.9 million selling square feet in 43 states. The Company offers a merchandise assortment consisting of wear-to-work and casual apparel and accessories, including pants, dresses, jackets, knit tops, blouses, sweaters, denim, t-shirts, active wear, handbags and jewelry. On August 10, 2011, Lerner New York, Inc., Lernco, Inc. and Lerner New York Outlet, Inc., wholly owned indirect subsidiaries of New York & Company, Inc., entered into a Third Amended and Restated Loan and Security Agreement with Wells Fargo Bank, N.A.