department stores: May 2009 Archives

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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This page is a archive of entries in the department stores category from May 2009.

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