BANGOR, Maine — New York & Company will close its doors at the Bangor Mall by the end of the month when the women’s clothing store’s lease expires, mall General Manager James Gerety said Friday.
Gerety described the closing as part of the lease expiration but also part of the typical nationwide trends that retail chains encounter.
“This is a natural closing. It was not unexpected,” Gerety said Friday.
New York & Company describes itself as catering to women looking for moderately priced jeans, dresses, sunglasses, jewelry, handbags and hosiery. The company sells its products through over 500 stores in 43 states. New York & Company had 2,000 employees and had $960 million in revenue in 2013, according to its website, nyandcompany.com.
Its company representatives did not immediately return messages left on Friday.
Gerety said mall owners have no immediate plans to fill the space the store will vacate but “are looking for new concepts both local and national.”
Simon Property Group, Inc. of Indianapolis, Indiana, owns the Bangor mall. It is among 230 retail properties, or 190 million square feet, that Simon owns or has an interest in that are located in 37 states, North America, Europe, Asia and Puerto Rico, according to its website, business.simon.com.
The closure will join several others at the mall over the last few months. The Bangor Mall Hallmark will consolidate with the other Hallmark store in the city at the Broadway Shopping Center at the end of the month, its owners have said.
Gap, a national retail clothing chain, plans to close its stores in the mall and South Portland’s Maine Mall in January as part of a plan it announced last year to close 175 stores nationwide.
Meanwhile, a new Starbucks kiosk opened in the mall’s center court in October.