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Luxury Retailer Barneys Closing 15 Stores, Files For Bankruptcy Luxury Retailer Barneys Closing 15 Stores, Files For Bankruptcy
Luxury Retailer Barneys Closing 15 Stores, Files For Bankruptcy Barneys has gone bankrupt. The luxury retailer has officially filed for bankruptcy due to decreased sales, and will be closing down 15 stores as part of a reorganization effort. “For more than 90 years, Barneys New York has been an iconic luxury specialty retailer, renowned for its edit, strong point of view, creativity, and representation of the world's best designers and brands," Barneys CEO and President Daniella Vitale said. "Like many in our industry, Barneys New York's financial position has been dramatically impacted by the challenging retail environment and rent structures that are …

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by Zak Failla