The Barneys New York earlier on Tuesday announced that they have filed for the Chapter 11 bankruptcy protection and will close 15 among 22 stores soon. The stores from Chicago, Las Vegas and Seattle, are in this plan where there are five small concept stores, and seven Barneys Warehouse stores as the company have stated. Moreover, there are five other locations where the Barneys New York stores will stay open and those locations are New York (Madison Avenue and Downtown New York City), two in California (Beverly Hills and San Francisco) and the Boston store at Copley Place.
There are two Barneys Warehouse locations which include an outlet in Central Valley, New York and another one is in Livermore, California. These two stores will remain open along with the two online websites, Barneys.com and BarneysWarehouse.com will continue their job to provide the people with their service.
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According to some reports, approximately 12,000 shops will be unavailable by the end of 2019. Barney’s New York CEO and the president said in a statement, “For more than 90 years, Barneys New York has been an iconic luxury specialty retailer, renowned for its edit, the strong point of view, creativity and representation of the world’s best designers and brands.” Daniella Vitale also added, “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 excessively high relative to market demand.“
Here is the list of the stores that are closing:
Cabazon: 48650 Seminole Drive, Desert Hills Premium Outlets
Camarillo: 850 East Ventura Blvd., Camarillo Premium Outlets
Carlsbad: 5620 Paseo Del Norte, Carlsbad Premium Outlets
Glendale: 869 Americana Way, The Americana at Brand
Los Angeles: 189 The Grove Drive
Santa Monica: 395 Santa Monica Place