Barneys New York Reportedly Preparing To File For Bankruptcy

Prepare yourself accordingly: Your heart may just break over this latest bit of retail news. On Monday, Business of Fashion reported Barneys New York, one of Manhattan\'s most iconic department stores, could be preparing to file for bankruptcy. According to BoF, Barneys is struggling with high rents and changing consumer tastes. Not to mention Barneys has failed to adapt to the changing landscape of retail, racially-profiling Black customers and carrying limited sizes despite 67% of women in the US wearing a size 14 or larger. Presently, Barneys has 28 locations, including stores in Beverly Hills, California; Chicago; Seattle; Boston; San Francisco; and Las Vegas.\"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 tells Business of Fashion in a statement. \"We continue to work closely with all of our business partners to achieve the goals we’ve set tog