Barneys the latest dinosaur of retail sector to explore bankruptcy

  • 100-year-old New York luxury department store is struggling
  • Statement: ‘Our customers remain our top priority’

The luxury department store Barneys New York is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.

Related: Laid-off Sears workers left with nothing – and they say wealthy bosses are to blame

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From our friends over at the : Business | The Guardian

 

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