rain.png
Tuesday February 25th, 2020 8:05AM

Barneys New York evaluating restructuring options

By The Associated Press
Related Articles
  Contact Editor

NEW YORK (AP) — Barneys New York may soon join the ever lengthening list of retail stores seeking protection in bankruptcy.

The luxury clothing company, faced with high rents and a shifting consumer landscape, is evaluating options that may include a bankruptcy filing. That's according to a source close to the matter who asked to remain anonymous because the discussions are confidential.

The company has nearly a dozen locations, mostly in the swankier districts of cities like Boston, Beverly Hills, California, and New York.

High-rent retailers like Barneys now compete with online luxury players like Net- a-Porter and the RealReal.com, which don't have need to maintain flagship stores.

Reuters first reported that Barneys was evaluating bankruptcy options.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News
© Copyright 2020 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
The Latest: Apollo 11 astronaut returns to launch pad
Astronaut Michael Collins went back to the launch pad where he flew to the moon 50 years ago with Apollo 11's Neil Armstrong and Buzz Aldrin
4:19PM ( 9 minutes ago )
Barneys New York evaluating restructuring options
Barneys New York evaluating its options including a potential bankruptcy
4:15PM ( 12 minutes ago )
'Game of Thrones' reigns with record 32 Emmy nominations
'Game of Thrones' scores record-breaking 32 Emmy Award nominations, toppling drama series record set by 'NYPD Blue' in 1994
4:12PM ( 16 minutes ago )
Associated Press (AP)
The Latest: Antitrust hearing streams on YouTube, a target
House antitrust panel streams hearing on YouTube, one of its targets
3:50PM ( 37 minutes ago )
Former Peruvian president Alejandro Toledo arrested in US
US, Peruvian authorities say former president Alejandro Toledo, wanted on corruption charges, has been arrested in the United States
3:50PM ( 37 minutes ago )
The Latest: Panel kicks off antitrust probe of Big Tech
The chairman of a House panel investigating the market power of big tech companies says Congress and antitrust regulators wrongly allowed them to regulate themselves
3:36PM ( 51 minutes ago )
AP Business
6 minutes: Man haunted by family's final moments on 737 Max
A man whose wife and children were killed on a Boeing 737 Max will appear at the next congressional hearing into the company and its plane
1:53PM ( 2 hours ago )
US stocks move sideways as earnings reports ramp up
U.S. stocks moved sideways in afternoon trading as companies started reporting second quarter financial results
1:45PM ( 2 hours ago )
Wells Fargo 2Q results beat Street estimates
Wells Fargo posts decline in 2Q interest income but profit tops estimates
12:54PM ( 3 hours ago )
AP Business - Corporate News
The Latest: Apollo 11 astronaut returns to launch pad
Astronaut Michael Collins went back to the launch pad where he flew to the moon 50 years ago with Apollo 11's Neil Armstrong and Buzz Aldrin
4:19PM ( 9 minutes ago )
'Game of Thrones' reigns with record 32 Emmy nominations
'Game of Thrones' scores record-breaking 32 Emmy Award nominations, toppling drama series record set by 'NYPD Blue' in 1994
4:12PM ( 16 minutes ago )
The Latest: Facebook downplays its reach for antitrust panel
Facebook plays up its competition for House antitrust panel
4:03PM ( 24 minutes ago )
The Latest: New-look Tennessee seeking improved offense
The Latest: Pruitt, new-look Tennessee hoping for offensive improvements under new coordinator
4:02PM ( 25 minutes ago )
R. Kelly expected to appear for court hearing Tuesday
A federal judge has ordered R. Kelly held in a Chicago jail without bond on sex-related charges
3:57PM ( 30 minutes ago )