Barneys looking to close stores

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Another interesting twist: news has leaked that luxury retailer Barneys is trying to close two stores. The locations, including one in Las Vegas, are significantly underperforming as consumers cut back on luxury goods. Barneys has denied the rumor.

Despite its national tastemaker reputation, Barneys only has seven stores, so two potential closings would be significant. The store's owners recently claimed sufficient cash on hand to weather the 2009 slump.

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Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. Published by David Wertheimer. Did I miss something? Drop me a line.

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This page contains a single entry by David Wertheimer published on May 7, 2009 11:57 AM.

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