USA : New York & Company comparable store sales slightly below

January 17, 2008

New York & Company Inc announced that the Company will be participating at the Cowen and Company 6th Annual Consumer Conference and the 10th Annual ICR XChange Conference.

The Company indicated that it currently expects fourth quarter fiscal 2007 diluted earnings per share from continuing operations in the range of $0.15 - $0.19, as compared to its previous estimate of $0.23 - $0.32.

The Company also noted that comparable store sales for November and December, the nine week period ended January 5, 2008, were negative 3.5% and slightly below its previously issued guidance ranges.

The Cowen and Company 6th Annual Consumer Conference will be held at the Westin New York at Times Square on Tuesday, January 15, 2008 at 2:30 p.m. Eastern Standard Time. The presentation for the 10th Annual ICR XChange is scheduled for Thursday, January 17, 2008 at 4:50 pm Eastern Standard Time at the St. Regis Monarch Beach Resort and Spa in Dana Point, California.

Richard P. Crystal, Chairman and Chief Executive Officer and Ronald W. Ristau, President and Chief Financial Officer will host the presentations, which will also be webcast live at company's website.

New York & Company Inc

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