Retail Refugees


Barneys in Trouble?
February 24, 2009, 3:02 pm
Filed under: Stores | Tags: , , , , ,

One of the most venerable department stores in the US has apparently been making waves in the American retail market with rumblings of financial problems. Though all payments have been made on time, and a source at Versace claims that there have been no problems, others fear that as result of the departure of former CEO Howard Socol, the new bosses are making the buying season more difficult. Additionally, though new owner Istithmar has been fishing for buyers for the chain, there have been no bites as of yet. This comes after a significant expansion into the Boston, Dallas, and San Francisco markets.

2009_02_barneys%282%29.jpg

Advertisements

Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: