No, the flagship New York Barneys will not be closing. But here's the list of Barneys stores that will be:
NEW YORK — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online and real estate costs soar.
Barneys’ landlord in Manhattan doubled the rent of its flagship store to nearly $30 million earlier this year. Retailers are fighting to maintain sales and they’re not getting much relief on leases, creating a financial vice that is squeezing even iconic brands like Barneys New York. Barneys’ roots date back to 1923, when Barney Pressman pawned his wife’s engagement ring and used the cash to open a 500 square foot men’s discount clothing store on Seventh Ave. and 17th St. in Manhattan.
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