Barneys had failed to adapt to the changing landscape of retail, racially profiling Black customers and carrying limited sizes despite 67% of women in the U.S. wearing a size 14 or larger.
Barneys New York, one of Manhattan's most iconic department stores, was preparing to file for bankruptcy. According to, Barneys was struggling with high rents and changing consumer tastes. Not to mention Barneys had failed to adapt to the changing landscape of retail,and carrying limited sizes despite 67% of women in the U.S. wearing a size 14 or larger.
In August, the retailer officially filed for Chapter 11 bankruptcy protection. At the time, Barneys New York issued the following statement:“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,” said Daniella Vitale, Chief Executive Officer & President said via press release.
The bankruptcy will see Barney closing down 15 of its 22 stores, including its Chicago, Las Vegas and Seattle branches, seven of the company’s nine Barneys Warehouse stores and five concept stores. The retailer maintains it will keep its five flagship locations in New York, San Francisco, Los Angeles, and Boston, as well as its online stores Barneys.com and BarneysWarehouse.com open for business.
"At Barneys New York, our customers remain our top priority and we are committed to providing them the excellent services, products, and experiences they have come to expect," the company toldin a statement in July."We continue to work closely with all of our business partners to achieve the goals we’ve set together and maximize value.
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