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{{Short description|Defunct American department store}}
{{Use mdy dates|date=August 2021}}
{{Infobox company
| name = Barneys New York Inc.
|
|
| image_size =
| image_caption = Former store, downtown San Francisco
| type = [[Private company|Private]]
| industry = [[Retail]]
| founded = {{Start date and age|1923}} in [[New York City]], [[New York (state)|New York]], United States
| founder = [[Barney Pressman]]
| defunct =
| fate =
| hq_location = New York City
| hq_location_city = New York
| hq_location_country = United States
| num_locations = {{plain list|
* 2 (US, 2024)
* 10 (Japan, 2024)
* 1 (South Korea - beauty, 2024)
}}
| area_served = {{plain list|
* United States (1923–2020; 2021–present)
* [[Japan]] (1989–present)
}}
| parent = {{plain list|
* [[Authentic Brands Group]] (2019–2024)
* [[Authentic Luxury Group]] (2024–present)}}
| website = {{plain list|
* {{URL|barneys.co.jp}}
* {{URL|barneys-beauty.com}}
* {{URL|barneys-beauty.co.kr}}
}}
| footnotes = <ref>{{cite web |url=https://www.businessoffashion.com/news/retail/saks-finalises-acquisition-of-neiman-marcus-group/ |title=Saks Finalises Acquisition of Neiman Marcus Group |first=Cathaleen |last=Chen |date=24 December 2024|website=The Business of Fashion |access-date=2024-12-25}}</ref><ref>{{cite web |url=https://www.saksfifthavenue.com/locations/greenwich/ |title=The Saks Shops at Greenwich |website=Saks Fifth Avenue |access-date=2024-12-25}}</ref><ref>{{cite web |url=https://www.saksfifthavenue.com/locations/newyork/ |title=Saks NYC |website=Saks Fifth Avenue |access-date=2024-12-25}}</ref><ref>{{cite web |title=Barneys Japan - Our Stores |url=https://www.barneys.co.jp/stores/ |website=Barney's New York Japan |access-date=2024-12-25}}</ref>
}}
'''Barneys New York''' is an American brand founded in 1923 by [[Barney Pressman]] that operated full-line [[department store]]s from 1923 until 2020. [[Authentic Brands Group]] acquired Barneys' intellectual property in 2019, and has licensed the brand to [[Saks Fifth Avenue]] for specialty departments within its flagship stores since 2021.
As of 2024, Barneys continues its partnership with Saks Fifth Avenue, with two branches operating in [[Saks Fifth Avenue flagship store|New York City]] and [[Greenwich, Connecticut|Greenwich]]. Along with this the partnership with Laox Holdings continues with six standalone locations and four [[outlet store]]s in Japan.<ref>{{cite news |last=Van |first=Tong |date=April 12, 2023 |title=Laox Holdings to acquire Barneys Japan |website=[[Inside Business]] |url=https://insideretail.asia/2023/04/12/laox-holdings-to-acquire-barneys-japan/ |access-date=February 3, 2024}}</ref> The skincare and fragrance line Barneys New York Beauty also operates under a licence with the South-Korean Gloent Group.
Barneys introduced major luxury brands to the American market including [[Armani]], [[Azzedine Alaïa]], [[Comme des Garçons]], [[Christian Louboutin]], and [[Zegna]].<ref>Setoodeh, Ramin (February 21, 2020). [https://variety.com/2020/film/news/barneys-closing-end-of-era-1203509762/ "Barneys, Fabulous Department Store for Movie Stars, Dies at 97"]. ''[[Variety (magazine)|Variety]]''.</ref>
==Operations under Pressman family ownership==
===Early history===
[[Barney Pressman]] initially opened a men's discount clothing store.<ref name=":3">{{cite web |last=Hirsch |first=Lauren |date=April 4, 2019 |title=Hit by rent hike at New York flagship, Barneys New York gets lifeline with $50 million in credit |url=https://www.cnbc.com/2019/04/04/barneys-new-york-secures-50-million-in-credit-after-rent-spike.html |access-date=June 3, 2020 |website=CNBC |language=en}}</ref> His first store was in a {{convert|500|sqft|m2|adj=on}} space with {{convert|20|ft|m|adj=on}} of frontage at [[Seventh Avenue (Manhattan)|Seventh Avenue]] and West 17th Street in [[Manhattan]] in 1923. He raised the $500 to pay the lease by pawning his wife's [[engagement ring]]. Barney's Clothes were stocked with 40 brand name suits and a big sign with a slogan, "No Bunk, No Junk, No Imitations". Barney's sold clothing at discounted prices by purchasing showroom samples, retail overstocks, and manufacturers' closeouts at auctions and bankruptcy sales. He also offered free alterations and free parking to attract customers. And this first-of-its-kind store gained Barney Pressman numerous appearances on TV and radio shows.
Pressman claimed to be the first Manhattan retailer to use radio and television, beginning with "Calling All Men to Barney's" radio spots in the 1930s that parodied the introduction of the [[Dick Tracy]] show. He sponsored radio programs featuring Irish tenors and bands playing jigs to advertise Irish [[wool]]ens. Women encased in barrels gave away matchbooks with the store name and address. He also chartered a boat to take 2,000 of his customers from Manhattan to [[Coney Island]].
During the 1960s Barney Pressman's son, Fred, helped transition from a discount store to a luxury retailer."<ref name=":3" />
In a 1973 interview with ''[[Business Week]]'', [[Fred Pressman]] stated that he became "convinced that the discount route definitely was not for us. My father and I have always hated cheap goods ... I didn't want to sell low-end merchandise. Now, many of those who chose to are verging on bankruptcy." Fred Pressman's obituary in ''[[The New York Times]]'' stated:
<blockquote>With his father's blessing, Fred Pressman slowly transformed the store from a salty discount house that sold roast beef sandwiches in its pub to a purveyor of Italian designers with a cafe serving Perrier and light salads. He began to discard the types of suits that his father was prone to unearthing at auctions and bankruptcy sales, peppering the racks instead with then-obscure and top-name designers both, but continued to offer touches like free alterations that gave Barneys its reputation.</blockquote>
Pressman is quoted as saying, "The best value you can offer a customer is personal attention to every detail, and they will return again and again. Ultimately, the customer cares the most about how he or she is treated." Pressman died in July 1996.<ref name=":0">{{cite news |title=Barney's Fred Pressman, 73 |url=https://www.nytimes.com/1996/07/15/nyregion/fred-pressman-who-elevated-barneys-new-york-dies-at-73.html |newspaper=The New York Times |first=Jennifer |last=Steinhauer |date=July 15, 1996 |access-date=February 3, 2023<!--present in archive.org-->}}</ref>
In 1970, Barney's built a fifth story onto its original building and a five-story addition. The original store was renamed America House and the addition was named International House. The expanded store occupied the entire Seventh Avenue block (between 16th and 17th streets), with {{convert|100000|sqft|m2}} of selling space and 20 individual shops.
International House, Fred Pressman promised, would feature complete collections of European designers, "from denim pants to $250 suits", not just a watered-down "potpourri of fabrics and models". The renovated America House, he said, would hold merchandise from "manufacturers who are in effect designers".
By 1973, the store was stocking 60,000 suits. It carried the full lines of designers such as [[Bill Blass]], [[Pierre Cardin]], [[Christian Dior]], and [[Hubert de Givenchy]]. It became the first clothing store in the U.S. to stock the full line of [[Giorgio Armani]], after signing an agreement in 1976. Barneys is widely credited to have introduced Giorgio Armani to the American market.<ref name=":0" />
Women's clothing was introduced in 1976 on the third floor of the International House. In the following year, the women's store relocated to The Penthouse, a new top-level enclosure. Barney's also added housewares, cosmetics, and gift departments to the store. Also in 1977, Barney's in-store restaurant was renamed The Cafe and began selling salads, soup and sandwiches.
===Barney's to Barneys===
The company dropped the apostrophe in Barney's in 1981. In 1981, the women's penthouse became a duplex. Barneys imported 80% of the women's and 40% of the men's merchandise. The $25 million, {{convert|70000|sqft|m2|adj=on}} women's store finally opened in 1986 in a row of six townhouses and two larger adjacent buildings across the store along 17th Street. The addition included a unisex beauty salon and restaurant, antiques, and accessories, gifts, and housewares departments. It accounted for about one-third of Barneys' sales of some $90 million the following year.
In 1988, Barneys opened a {{convert|10000|sqft|m2|adj=on}} men's store in the [[Brookfield Place (New York City)|World Financial Center]]. The store abandoned its Seventh Avenue flagship in 1997 four years after opening a new flagship {{convert|230000|sqft|m2|adj=on}}, [[Kohn Pedersen Fox]]-designed Manhattan store on [[Madison Avenue]] at East 61st Street. It was the largest new store in New York City since the [[Great Depression]]. The building has 22 floors with 14 floors of offices above the nine-story store. The wood floors, a marble mosaic on the lobby floor, gold-leaf ceilings, and lacquered walls of the new Barneys store cost $267 million.
In 1989, the store formed a holding company with Japanese department store [[Isetan]] to operate stores in both countries. The first Tokyo store opened in November 1990. The agreement also called for the [[holding company]] to spend $250,000,000 to open 30 smaller stores of approximately {{convert|6,500|sqft|m2}}.<ref>{{cite news |title=Company News; Barneys to Open California Store |url=https://www.nytimes.com/1989/06/08/business/company-news-barneys-to-open-california-store.html |newspaper=The New York Times |access-date=March 4, 2011 |date=June 8, 1989}}</ref><ref>{{cite news |title=Barneys and Japan Partner Plan Stores in U.S. and Asia |url=https://www.nytimes.com/1989/03/20/business/barneys-and-japan-partner-plan-stores-in-us-and-asia.html |first=Isadore |last=Barmash |date=March 20, 1989 |newspaper=The New York Times| page=D1 |url-access=subscription |access-date=February 3, 2024}}</ref> The earliest of these smaller format stores opened in [[Costa Mesa, California]] in 1990.<ref>{{cite news |title=Barneys N.Y. to Open South Coast Plaza Store |url=https://www.latimes.com/archives/la-xpm-1989-05-23-fi-601-story.html |last=Galante |first=Mary Ann |date=May 23, 1989 |newspaper=[[Los Angeles Times]]}}</ref>
Barneys opened its first department store outside Manhattan in [[Chicago]], in 1993, followed by another large store in [[Beverly Hills, California]], in 1994.<ref>{{cite news |title=Barneys to Open Beverly Hills Store |url=https://www.latimes.com/archives/la-xpm-1989-06-08-fi-2018-story.html |date=June 8, 1989 |last=Groves |first=Martha |newspaper=Los Angeles Times |access-date=January 11, 2019}}</ref>
====1996 bankruptcy====
In 1995, the Pressman family intended to close the investment relationship with Isetan consolidating the Barneys retail business and Isetan investment in the United States real estate for the Barneys flagship stores in New York, Chicago, and Beverly Hills. At the conclusion of this consolidation, the real estate investment and the retail businesses would be held in one company.
During the consolidation effort, Isetan's final funding of the real estate investment was intended to be processed through a Pressman family holding company, PREEN ('''P'''ressman '''R'''obert '''E'''ugene '''E'''lizabeth '''N'''ancy) and then directed to the real estate development. Instead of the funds flowing directly through the holding company to the real estate investment, they were given in exchange to BNY Licensing (another Pressman family company that held the Barneys trademarks) for the projected 50 year royalty stream due BNY Licensing from Isetan for their Barneys Japan business. Isetan was unaware of this transaction at the time.
Isetan had reported their investment in Barneys earlier in the year as a current asset expressing their intent and belief that it would be concluded in 1995/first quarter 1996. Isetan considered the handling of the final investment a breach in trust, and stopped efforts to consolidate the investment and the Pressman family business.
In December 1995, under the advice of John P. Campo of LeBeouf, Lamb, Greene & MacRae and Anthony Grillo of The Blackstone Group, the Pressmans recognizing that consolidating the investment and the business was no longer viable, voluntarily filed for Chapter 11 Bankruptcy. It was believed that, only in bankruptcy court, could the agreement between the Pressman family and Isetan be dismissed and a new agreement be negotiated. The strategy failed.
The company filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] in early January 1996. During the bankruptcy some stores shuttered, including Cleveland, Ohio; Costa Mesa, California; Dallas and Houston, Texas; and Short Hills, New Jersey. In subsequent years, management would re-enter some of these markets with larger flagship stores.
==Operations during 21st century==
[[File:NYC, Barneys New York .jpg|thumb]]
===2000–2010===
On December 20, 2004, the Pressman family sold its remaining ownership, less than 2%, to the [[Jones Apparel Group]], which in turn sold the company in September 2007 to [[Dubai]]-based [[private equity]] firm Istithmar PJSC for $937.4 million.<ref>{{cite news |title=Jones Apparel Group buys Barneys for $400 million |url=https://www.jckonline.com/editorial-article/jones-apparel-group-buys-barneys-for-400-million/ |date=November 15, 2004 |magazine=JCK}}</ref><ref>{{cite news |title=Jones Sells Barneys to Dubai Firm |url=https://www.thestreet.com/story/10364441/1/jones-sells-barneys-to-dubai-firm.html |journal=[[TheStreet.com]] |date=June 22, 2007 |access-date=January 11, 2019}}</ref>
Included in Istithmar's purchase was an estimated $500 million in debt. "The luxury market took a sharp turn for the worse after Istithmar's acquisition of Barneys. U.S. sales of high end clothing, fragrances and accessories slipped 14% in 2009, according to Bain & Co. Although luxury was a star performer over the 2010 holiday season, spending trends have yet to recover to pre-recessionary levels. The privately held company doesn't reveal financial results but said that EBITDA rose by $30 million (~${{Format price|{{Inflation|index=US-GDP|value=30000000|start_year=2010}}}} in {{Inflation/year|US-GDP}}) in 2010."<ref name="dodes1">{{cite news |last=Dodes |first=Rachel |title=Barneys, Prada in Tussle |url=https://www.wsj.com/article/SB10001424052748704570104576124420342774508 |access-date=March 4, 2011 |date=February 5, 2011<!--present in archive.org-->|newspaper=[[The Wall Street Journal]] |url-access=subscription}}</ref>
[[File:SPP x Thom Browne at Barneys New York.jpg|thumb|Thom Browne at Barney's New York]]
===2010–2019===
Howard Socol, Barneys' former CEO, resigned shortly after the change in ownership. The company failed to fill the position for over two years until it appointed Mark Lee to the post in September 2010. Lee is the former chief executive of [[Gucci Group]] and has consulted and sat on the board of many other fashion companies.<ref>{{cite news |last=Dodes |first=Rachel |title=Barneys Brings in Gucci Veteran |url=https://www.wsj.com/articles/SB10001424052748703846604575447443045315982 |newspaper=The Wall Street Journal |access-date=March 4, 2011 |date=August 24, 2010 |archive-url=https://web.archive.org/web/20110126140812/http://online.wsj.com/article/SB10001424052748703846604575447443045315982.html |archive-date=January 26, 2011 |url-status=live}}</ref> After Lee's appointment, Barneys experienced changes in its staff, advertising, and website. Amanda Brooks, former [[creative director]] of Hogan, replaced longtime fashion director, Julie Gilhart.<ref>{{cite journal |last=Akhtar |first=Amina |title=Amanda Brooks Named Fashion Director of Barneys New York |url=http://fashionetc.com/news/retail/415-amanda-brooks-barneys-fashion-director |date=January 11, 2011 |journal=Fashion Etc |access-date=March 4, 2011}}</ref> Lee's former Gucci colleague, [[Daniella Vitale]], replaced Judy Collinson as head merchant.<ref name="dodes1"/> Former creative director Simon Doonan, now creative ambassador-at-large, was replaced by Dennis Freedman.<ref>{{cite journal |last=Akhtar |first=Amina |title=Simon Doonan Out as Creative Director of Barneys New York |url=http://www.fashionetc.com/news/retail/225-simon-doonan-out-as-creative-director-of-barneys-new-york |journal=Fashion Etc |access-date=March 4, 2011}}</ref>
Barney's advertisements and catalogs are usually shot in-house, but for Spring 2011 candid shots by art photographers such as [[William Klein (photographer)|William Klein]], [[Nan Goldin]] and [[Juergen Teller]] were taken behind-the-scenes during [[New York Fashion Week]]. Some existing stores saw new renovations such as the [[Madison Avenue]] ___location's main floor and Co-Op levels. The traditional red awnings were changed to black.[[File:Barneys New York 60 jeh.jpg|thumb|Barney's one-time flagship on [[Madison Avenue]] in 2010]] In 2011, Barneys' launched a new website called "The Window", which was the retailer's primary "social media landing page"—a window into the Barneys world, with news about fashion and happenings at Barneys stores.<ref name="dodes1" /><ref>{{cite news |last=Horyn |first=Cathy |title=Barney's New Chief Explains Those Changes |url=http://runway.blogs.nytimes.com/2011/02/04/barneyss-new-chief-explains-those-changes/ |newspaper=The New York Times |access-date=March 4, 2011 |date=February 4, 2011 |url-access=subscription}}</ref>
As of February 2011, Barneys no longer sold [[Prada]] (with the exception of shoes and [[menswear]]) because of disagreements concerning prices and inventory control. Prada wanted to lease space, but control its own inventory and markdowns under a concession model. Barneys declined.<ref name="dodes1"/>
[[File:Las Vegas 2011 064.jpg|thumb|Barneys New York Window]]
In May 2012, [[Perry Capital]] acquired a majority ownership of the company, which reduced its $590 million debt to $50 million. It will have three seats on the seven-member board. The former majority owner [[Istithmar World]] as well as new investor [[Yucaipa Cos]] will also be on the board as will current executive chairman Mark Lee.<ref>{{cite news |url=http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/08/bloomberg_articlesM3NVYH6VDKJ001-M3POB.DTL |archive-url=https://archive.today/20120910054605/http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/08/bloomberg_articlesM3NVYH6VDKJ001-M3POB.DTL |archive-date=September 10, 2012 |title=Two new board members |url-status=dead |newspaper=[[San Francisco Chronicle]]}}</ref>
In December 2013, ''[[Women's Wear Daily]]'' announced that the retailer would return to the portion of its original Seventh Avenue site being vacated by bankrupt [[Loehmann's]]. In January 2014, Barneys announced that it would feature [[transgender]] models in its upcoming advertisement campaign.<ref name="Barneys New York Taps Transgender Models">{{cite news |url=http://www.wwd.com/media-news/advertising/barneys-ads-use-transgender-models-7401066?src=nl/mornReport/20140130 |title=Barneys New York Taps Transgender Models |magazine=[[Women's Wear Daily]] |date=January 30, 2014 |access-date=January 31, 2014 |last=Edelson |first=Sharon}}</ref>
In February 2016, Barneys New York returned to its original Seventh Avenue ___location in Chelsea opening a four-story flagship store.<ref name="nytimes">{{cite news |last1=Berlinger |first1=Max |title=Barneys Celebrates Downtown Opening With Leather Jacket Charity |url=https://www.nytimes.com/2016/03/19/fashion/barneys-new-york-black-leather-jacket.html |date=March 19, 2016 |newspaper=The New York Times |access-date=April 14, 2016}}</ref> Daniella Vitale was named chief executive officer, succeeding Lee, in February 2017.<ref>{{cite news |url=http://wwd.com/business-news/retail/changes-at-barneys-lee-becomes-chairman-vitale-named-ceo-10775560/ |title=Changes at Barneys: Lee Becomes Chairman; Vitale Named CEO |date=February 2, 2017 |journal=Women's Wear Daily |access-date=February 2, 2017}}</ref>
===2019–present===
On August 6, 2019, Barneys New York filed for bankruptcy once more.<ref>Hirsch, Lauren (June 8, 2019). [https://www.cnbc.com/2019/08/06/barneys-icon-of-new-york-retail-files-for-bankruptcy.html "Barneys files for bankruptcy"]. ''[[CNBC]]''. Retrieved February 3, 2024.</ref> On October 25, 2019, [[Authentic Brands Group]] announced it had bought the company for $271.4 million (~${{Format price|{{Inflation|index=US-GDP|value=271400000|start_year=2019}}}} in {{Inflation/year|US-GDP}}). Barneys brick-and-mortar format was eliminated with the future of the business to be announced. ''The New York Times'' reported that Authentic Brands Group's strategy is "essentially betting that the future of retail lies with abstract values."<!-- Barneys Bidding Starts, and It's a Bet on the Future of Shopping --><ref>{{Cite Q|Q119269754|access-date=2023-06-09}}</ref><!-- Can Bergdorf Goodman Win the Barneys Race? --><ref>{{Cite Q|Q119269765|access-date=2023-06-09}}</ref> When ABG acquired Barneys it confirmed that ABG's partnership with [[Seven & I Holdings]] in Japan would remain intact.<ref>{{cite web |date=2021-05-17 |title=Barneys New York officially being sold piece by piece |url=https://apnews.com/article/new-york-business-ny-state-wire-nyc-wire-037178458363494ab80ed88315994fe7 |access-date=2023-05-03 |website=AP News |language=en}}</ref>
On Friday, January 15, 2021, [[Saks Fifth Avenue]] unveiled a {{convert|54000|sqft|m2|adj=on}} space on the fifth floor of its flagship in New York, titled Barneys at Saks. The partnership is aimed at continuing Barneys New York tradition of unearthing and promoting emerging designers.<ref name="harpersbazaar.com"/>
On Monday, January 25, 2021, Saks Fifth Avenue unveiled the first standalone Barneys at Saks store at a {{convert|14000|sqft|m2|adj=on}} ___location in [[Greenwich, Connecticut]]<ref>DeLeon, Jian. (October 2019). [https://www.highsnobiety.com/p/barneys-sam-ben-avraham/ "Sam Ben-Avraham Tells Us How He Plans to Save Barneys"]. ''[[Highsnobiety]]''. Retrieved February 3, 2024.</ref><ref name="Declares Victory">{{cite news| url=https://www.cfo.com/news/authentic-brands-declares-victory-in-barneys-auction-rivals-dont-concede/657250/ |title=Authentic Brands Declares Victory In Barneys Auction; Rivals Don't Concede |first=Vincent |last=Ryan |date=October 25, 2019 |website=[[CFO (magazine)|CFO]] |access-date=February 3, 2024}}</ref>
In 2022, Authentic Brands Group launched Barneys New York Beauty, a beauty brand consisting of skincare, personal care and fragrances. It first launched with a four-product skin care collection consisting of a cleanser, a serum, a day cream and a night cream.<ref>{{cite web |url=https://wwd.com/beauty-industry-news/skin-care/barneys-new-york-reborn-as-a-beauty-brand-1235331572/ |title=Barneys New York Reborn as a Beauty Play |date=September 15, 2022 |first=Jenny B. |last=Fine |magazine=Women's Wear Daily}}</ref><ref>{{cite web |title=Barneys New York emerges with a beauty line |url=https://www.retaildive.com/news/barneys-new-york-emerges-as-beauty-skincare-line/632003/ |access-date=2023-05-03 |website=Retail Dive |language=en-US}}</ref> It is under licence with the Gloent Group.<ref>{{Cite web |last=Strugatz |first=Rachel |date=2022-09-21 |title=The Problem With Barneys New York Beauty |url=https://www.businessoffashion.com/articles/beauty/the-problem-with-barneys-new-york-beauty/ |access-date=2024-12-25 |url-access=subscription |website=The Business of Fashion |language=en}}</ref>
In April 2023, [[Seven & I Holdings]] sold their stake in Barneys New York (Japan) to Laox Holdings. Laox has plans to improve Barneys Japan sales and expand the chain around Asia.<ref>{{Cite web |last=Van |first=Tong |date=2023-04-12 |title=Laox Holdings to acquire Barneys Japan |url=https://insideretail.asia/2023/04/12/laox-holdings-to-acquire-barneys-japan/ |access-date=2023-05-03 |website=Inside Retail |language=en-US}}</ref><ref>{{cite news |last1=Matsuyama |first1=Kanoko |last2=Huang |first2=Grace |date=2023-04-07 |title=Seven-Eleven's owner says new committee to review spinoffs and IPOs |url=https://www.japantimes.co.jp/news/2023/04/07/business/seven-eleven-owner-strategy/ |access-date=2023-05-03 |newspaper=[[The Japan Times]] |___location=Tokyo |language=en-US}}</ref>
The company became part of the [[Authentic Luxury Group]] in October 2024, it is a joint-venture luxury retail group created by Authentic Brands Group and [[Saks Global]].<ref>{{Cite web |date=2024-10-09 |title=Authentic Brands Group and Saks Global Launch New Luxury Platform: Authentic Luxury Group |url=https://corporate.authentic.com/press-releases/authentic-brands-group-saks-global-new-luxury-platform-authentic-luxury-group |access-date=2024-12-25 |website=Authentic Brands Group |language=en-US}}</ref> There are currently plans to expand the brand into different categories including clothing and home goods.<ref>{{Cite web |agency=Bloomberg |date=2024-07-12 |title=Barneys Plots a Bigger Comeback Thanks to Neiman-Saks Deal |url=https://www.businessoffashion.com/news/retail/barneys-new-york-plans-a-comeback-thanks-to-neiman-saks-union/ |access-date=2024-12-25 |url-access=subscription |website=The Business of Fashion |language=en}}</ref> In late 2024, a boutique hotel called Barneys New York Residences, comprising 10 individual units, opened in [[Tulum, Mexico]].<ref name=":4">{{Cite web |last=Palmieri |first=Jean E. |date=2024-11-14 |title=Authentic Brands Group Selects Sequence Tulum for Barneys Residences |url=https://wwd.com/fashion-news/fashion-scoops/barneys-new-york-residences-sequence-tulum-authentic-brands-group-1236722768/ |access-date=2025-02-22 |website=WWD |language=en-US}}</ref>
==Stores==
Prior to its sale to Authentic Brands, Barneys New York operated 22 locations, including 12 [[Barneys Warehouse|Barney's Warehouse]] off-price stores. Its flagship department stores were located in Las Vegas, Boston, Chicago, San Francisco, Seattle, Los Angeles, New York, and Philadelphia.<ref>{{cite web |title=Barneys New York locations |url=https://www.barneys.com/locations |website=Barneys.com |access-date=September 19, 2019 |archive-date=December 27, 2016 |archive-url=https://web.archive.org/web/20161227011653/https://www.barneys.com/locations |url-status=dead }}</ref> Freds restaurants operated inside of the Beverly Hills, Chicago, Madison Avenue, Seventh Avenue, and San Francisco locations. After [[Authentic Brands Group]] purchased the company for $271.4 million, all stores were announced to shutter with the future of the business to be announced.<ref>{{cite web |url=https://www.barneys.com/freds |title=Fred's Restaurants at Barneys New York |url-status=dead |archive-url=https://web.archive.org/web/20160324123656/http://www.barneys.com/freds |archive-date=March 24, 2016}}</ref>
[[File:Grand Canal Shoppes (21305094745).jpg|thumb|Barney's previous flagship at the [[Grand Canal Shoppes]]]]
In 2014, the company announced plans for a flagship department store at [[Bal Harbour Shops]] in [[Bal Harbour, Florida]] as part of a planned expansion of that shopping center.<ref>{{cite news |url=http://www.miaminewtimes.com/arts/barneys-new-york-flagship-to-open-at-bal-harbour-shops-6507374 |title=Barneys New York Flagship to Open at Bal Harbour Shops |newspaper=[[Miami New Times]] |date=May 15, 2014 |first=Nycole |last=Sariol}}</ref> The {{convert|53,000|sqft|m2|adj=on}} store was to open in 2023 with the new portions of the center.<ref>{{cite news |title=Barneys New York Will Open At Miami's Bal Harbour Shops |url=https://www.forbes.com/sites/lisakocay/2017/12/27/barneys-new-york-will-open-at-miamis-bal-harbour-shops/#57880efe60ff |first=Lisa |last=Kocay |date=December 17, 2017 |magazine=[[Forbes]]}}</ref> The company opened a freestanding men's store in San Francisco in February 2016, and in summer 2018 announced it would add a restaurant.<ref>{{cite news |url=https://www.sfchronicle.com/living/article/Barneys-opens-its-stand-alone-men-s-store-6843051.php |title=Barneys opens its stand-alone men's store |first=Carolyne |last=Zinko |date=February 18, 2016 |newspaper=San Francisco Chronicle |access-date=January 11, 2019 |url-access=subscription}}</ref><ref>{{cite news |title=Barneys to open upscale restaurant at its San Francisco store |url=https://www.sfchronicle.com/food/article/Barneys-to-open-upscale-restaurant-at-its-San-13172296.php |first=Justin |last=Phillips |date=August 21, 2018 |newspaper=San Francisco Chronicle |url-access=subscription}}</ref> On March 12, 2019, Barneys announced a new ___location at the [[American Dream Meadowlands|American Dream]] shopping and entertainment complex in [[New Jersey]], the only ___location in the state of New Jersey.<ref>{{cite web |date=March 10, 2020 |title='Delaying a grand opening makes sense': Coronavirus threatens American Dream's retail launch |url=https://www.glossy.co/fashion/delaying-a-grand-opening-makes-sense-coronavirus-threatens-american-dreams-retail-launch |access-date=June 4, 2020 |website=Glossy |language=en}}</ref><ref>{{cite news |url=http://bizbeatblog.dallasnews.com/2012/10/barneys-new-york-is-closing-its-only-dallas-store-at-northpark-center.html |title=Barneys New York is closing its only Dallas store at Northpark |newspaper=[[The Dallas Morning News]] |date=October 8, 2012 |first=Maria |last=Halkias |access-date=February 14, 2016 |archive-url=https://web.archive.org/web/20160303170225/http://bizbeatblog.dallasnews.com/2012/10/barneys-new-york-is-closing-its-only-dallas-store-at-northpark-center.html/ |archive-date=March 3, 2016 |url-status=dead}}</ref><ref>{{cite news |url=http://www.phoenixnewtimes.com/arts/barneys-new-york-at-scottsdale-fashion-square-is-closing-8021780 |title=Barneys New York at Scottsdale Fashion Square Is Closing |newspaper=[[Phoenix New Times]] |date=February 2, 2016 |first=Becky |last=Bartkowski}}</ref>
In January 2021, [[Saks Fifth Avenue]] unveiled a {{convert|54,000|sqft|m2|adj=on}} space on the fifth floor of its flagship in New York,<ref name="harpersbazaar.com">{{cite web |url=https://www.harpersbazaar.com/fashion/designers/a35218605/barney-at-saks-launch/ |title=Saks Fifth Avenue Breathes New Life into Barneys New York |first=Barry |last=Samaha |date=January 15, 2021 |magazine=[[Harper's Bazaar]]}}</ref> and unveiled the first standalone Barneys at Saks Fifth Avenue store at a {{convert|14,000|sqft|m2|adj=on}} ___location in [[Greenwich, Connecticut]].<ref>{{cite web |url=https://www.retailtouchpoints.com/features/news-briefs/barneys-is-back-via-saks-fifth-avenue-in-new-york-and-connecticut |title=Barneys is Back, via Saks Fifth Avenue, in New York and Connecticut |date=January 20, 2021 |first=Jessie |last=Dowd |website=Retail Touch Points}}</ref><ref>Wahaba, Phil (November 1, 2019). [https://fortune.com/2019/11/01/bankrupt-barneys-new-york-saks-fifth-avenue/ "Barneys New York bankrupt"]. ''[[Fortune (magazine)|Fortune]]''.</ref><ref>{{cite court |litigants=Byun v. Authentic Brands Group LLC |url=https://www.law360.com/cases/5f08c193bcbbbe037e247e89 |court=S.D.N.Y. |date=2020 |opinion=1:20-cv-05320}}</ref><ref>{{cite court |litigants=Schivek v. Authentic Brands Group, LLC |url=https://www.law360.com/cases/6038be9cc67cd7d3c5a556d4 |court=S.D.N.Y. |date=2021 |opinion=1:21-cv-01705}}</ref><ref>{{cite court |litigants=Falcaro v. Authentic Brands Group LLC |url=https://www.law360.com/cases/5fe0f794b47920035233cd8b |court=S.D.N.Y. |date=2022 |opinion=1:20-cv-10768}}</ref>
A [[pop-up store]] operated from September to October 2024 in New York City in collaboration with Hourglass.<ref>{{Cite web |last=Dazed |date=2024-09-25 |title=Hourglass has brought back iconic New York institution, Barneys |url=https://www.dazeddigital.com/beauty/article/64675/1/hourglass-has-brought-back-iconic-new-york-institution-barneys |access-date=2024-12-25 |website=[[Dazed]] |language=en}}</ref>
As of 2024 six full line and four outlet Barneys stores operate in Japan,<ref>{{cite web |title=Barneys New York Japan - Our Stores |url=https://www.barneys.co.jp/stores/index.html |website=Barneys Japan}}</ref><ref>{{Cite web |title=Barneys New York Japan - Outlet Stores |url=https://www.barneys.co.jp/stores/outlet/ |website=Barneys Japan}}</ref> two [[store-within-a-store]] concepts operate in the United States within Saks Fifth Avenue stores and a beauty and fragrance store also operates in South Korea.<ref name=":4" /><ref>{{Cite web |title=Barneys New York Beauty Dosan Flagship Store |url=https://visitgangnam.net/en/destinations/sinsa/%EB%B0%94%EB%8B%88%EC%8A%A4%EB%89%B4%EC%9A%95%EB%B7%B0%ED%8B%B0-%EB%8F%84%EC%82%B0%ED%94%8C%EB%9E%98%EA%B7%B8%EC%8B%AD%EC%8A%A4%ED%86%A0%EC%96%B4/?ckattempt=1 |access-date=2025-02-22 |website=visitgangnam.net}}</ref> Multiple beauty and fragrance counters also operate within South Korean and Japanese department stores (including Barneys New York Japan).
[[File:Barneys New York in Kobe Japan04s5s3200.jpg|thumb|Barneys New York in Kobe, Japan (2010)]]
=== Barneys New York CO-OP ===
Established in 1986, the Barneys New York CO-OP originally existed as the contemporary department within Barneys flagship stores.<ref>{{cite journal |url=http://vmsd.com/content/barneys-ny-ending-co-op-brand |title=Barneys N.Y. Ending Co-op Brand |date=July 25, 2013 |journal=[[VMSD]]}}</ref> Created to house trendier and less expensive product than the rest of the store, the CO-OP was aimed at younger shoppers with smaller budgets than a traditional Barneys customer. The CO-OP department was spun-off into a separate chain of stores in the 2000s, primarily located in shopping malls and lifestyle centers. At its height, there were more than 20 CO-OP stores throughout the United States.
In 2013, Barneys retired the CO-OP name. Several CO-OPs were converted into boutique versions of the flagship Barneys New York brand.<ref>{{cite news |url=https://www.forbes.com/sites/lydiadishman/2013/03/06/barneys-rebranding-co-op-stores-signals-the-start-of-a-more-luxe-era/#449bdb3a3240 |title=Barneys Rebranding Co-op Stores Signals the Start of a More Luxe Era |magazine=Forbes |date=March 6, 2013 |first=Lydia |last=Dishman}}</ref>
==Controversies==
===Use of "Co-op" in name===
The 2010 opening of the Brooklyn, New York CO-OP ___location raised some concerns among members of the [[Park Slope Food Coop]] regarding the use of the term "co-op" by a for-profit corporation. According to the general manager of the Food Coop, Barneys's use of the term is a violation of the New York State Cooperative Corporations Law.<ref>{{cite news |url=http://www.brooklynpaper.com/stories/33/16/all_parkslopefoodcoop_2010_04_23_bk.html |first=Stephen |last=Brown |title=Is the Barneys Co-op breaking the law — with its name? |newspaper=[[The Brooklyn Paper]] |date=April 15, 2010}}</ref>
===Racial profiling===
In 2013, Trayon Christian, a 19-year-old African American, purchased a $350 (~${{Format price|{{Inflation|index=US|value=350|start_year=2013}}}} in {{Inflation/year|US}}) [[Ferragamo]] belt and was arrested shortly after leaving the store. The police had received a call from the store claiming that the [[debit card]] used was fraudulent, even though the customer provided proper identification at the time of the purchase. The officers questioned Christian on how he was able to afford the purchased belt, and accused him of using a fraudulent card. He was handcuffed, detained in a holding cell for two hours and interrogated further. He was later released after the police contacted Chase Bank to verify ownership of the card.<ref>{{cite news |url=https://edition.cnn.com/2013/10/23/justice/new-york-profiling-lawsuit/ |title=Student sues Barneys department store, NYPD, alleges racial profiling |last=Winsor |first=Morgan |work=[[CNN]] |date=October 25, 2013}}</ref>
Another African American shopper, Kayla Phillips, came forward with a similar claim after she purchased a $2,500 [[Céline (brand)|Céline]] handbag with her debit card. Both shoppers believe they were targeted because of their race after they purchased costly items and have stated they intend on filing discrimination lawsuits against the store.<ref>{{cite news |url=https://www.cbsnews.com/news/barneys-nypd-under-fire-for-alleged-racial-profiling/ |title=Barneys, NYPD under fire for alleged racial profiling |work=[[CBS News]] |date=October 25, 2013}}</ref>
As a result of these high-profile cases, [[Al Sharpton]] threatened to boycott the store in October 2013. Sharpton compared Barneys practice of racial profiling to the controversial [[New York City stop-and-frisk program|stop-and-frisk]] policy practiced by the NYPD.<ref>{{cite news |url=https://www.reuters.com/article/us-usa-newyork-barneys-macys-idUSBRE99P08420131026 |title=Macy's joins Barneys in brewing NYC 'shop-and-frisk' scandal |website=[[Reuters]] |date=October 26, 2013}}</ref> Within days of Sharpton's boycott announcement, fans petitioned rapper and businessman [[Jay-Z]] to sever ties with the retailer with whom he had a partnership.<ref>{{cite news |last=Brown |first=August |url=http://www.latimes.com/entertainment/music/posts/la-et-ms-jay-z-barneys-collection-protest-racial-profiling-20131025,0,1707034.story#axzz2isWfSEyK/ |title=Jay Z's Barneys collection protested after racial profiling claims |newspaper=Los Angeles Times |date=October 25, 2013}}</ref> Jay-Z responded saying that he would look into the matter more thoroughly rather than make a snap judgment stating, "I move and speak based on facts and not emotion."<ref name=":1">{{cite magazine |last=Danton |first=Eric |title=Jay Z Hits Back on Criticism Over Barneys Partnership |url=https://www.rollingstone.com/music/news/jay-z-hits-back-on-criticism-over-barneys-partnership-20131028 |magazine=[[Rolling Stone]] |date=October 28, 2013 |access-date=January 11, 2019 |archive-date=April 16, 2016 |archive-url=https://web.archive.org/web/20160416180806/https://www.rollingstone.com/music/news/jay-z-hits-back-on-criticism-over-barneys-partnership-20131028 |url-status=dead}}</ref> In November 2013, Jay-Z stated that his deal with Barneys would continue as planned, with the condition that he be placed in a leadership role on a committee specifically organized to deal with racial profiling in the store.<ref name=":2">{{cite news |last=Wilson |first=Julee |title=Jay Z Confirms Barneys Collaboration Is Still On, But With A Few Conditions |date=November 16, 2013 |url=http://www.huffingtonpost.com/2013/11/16/jay-z-barneys-deal-on-conditions_n_4287086.html |newspaper=Huff Post |access-date=May 3, 2014}}</ref> Other conditions required that all of the proceeds of the BNY SCC collection be donated to Jay-Z's charity, the Shawn Carter Scholarship Foundation. This was a major increase from the 25% of the proceeds that was initially agreed upon. As well, Barneys agreed to donate 10% of all retail of all stores nationwide as well as its web store, Barneys.com, on November 20, 2013, which would guarantee a total of at least one million dollars.<ref name=":2" />
===Live butterfly display===
In 2018, Barneys used live butterflies to introduce a new line of jewelry and accessories, asking customers and employees to interact with [[Monarch butterfly|monarch butterflies]] as they flitted around display cases in the Beverly Hills store.<ref>{{cite news |first=Jean |last=Palmieri |title=Barneys Bans Butterflies |url=https://wwd.com/fashion-news/fashion-scoops/barneys-bans-butterflies-1202769223/ |journal=Women's Wear Daily |date=August 2, 2018 |url-access=subscription}}</ref> [[People for the Ethical Treatment of Animals|PETA]] reported "that there were many dead and dying butterflies languishing around the display area, behind plants and in plant beds." Barneys responded by banning the use of live butterflies from any future promotions and making a donation to PETA as an apology.<ref>{{cite news |first=Matt |last=Moen |title=Barneys Lets Butterflies Fly Away |url=http://www.papermag.com/barneys-butterflies-2592239944.html |magazine=[[Paper (magazine)|Paper]] |date=August 3, 2018}}</ref>
=== Labor issues ===
The [[union busting]] firm Kulture Consulting, LLC was hired in 2015. According to a Department of Labor document, Kulture "presented informational meetings to company employees relative to the process of unionization" at Barney's locations in Beverly Hills, Chicago, Las Vegas, and San Francisco.<ref>{{cite web |url=https://olms.dol-esa.gov/query/orgReport.do?rptId=631558&rptForm=LM10Form |title=LM10Form Barneys & Kulture Consulting Agreement 2015 |website=Office of Labor-Management Standards (OLMS) |access-date=April 19, 2019 |archive-date=July 26, 2020 |archive-url=https://web.archive.org/web/20200726144032/https://olms.dol-esa.gov/query/orgReport.do?rptId=631558&rptForm=LM10Form |url-status=dead}}</ref> In Chicago representatives from the labor union [[Workers United]] reported that "management called workers into one-on-one meetings" and engaged in "scare tactics".<ref>{{cite news |url=https://www.chicagotribune.com/business/ct-barneys-union-1013-biz-20151012-story.html |title=Chicago employees of Barneys New York reject union |last=Janssen |first=Kim |date=October 12, 2015 |newspaper=[[Chicago Tribune]] |language=en-US |access-date=April 19, 2019}}</ref> In December 2018, Barneys hired Kulture Consulting to present "informational meetings" with employees at its Las Vegas ___location.<ref>{{cite web |url=https://olms.dol-esa.gov/query/orgReport.do?rptId=686792&rptForm=LM20Form |title=LM20Form Barneys & Kulture Consulting Agreement 2018 |website=Office of Labor-Management Standards |access-date=April 19, 2019 |archive-date=July 26, 2020 |archive-url=https://web.archive.org/web/20200726144430/https://olms.dol-esa.gov/query/orgReport.do?rptId=686792&rptForm=LM20Form |url-status=dead}}</ref>
==See also==
*[[Saks Fifth Avenue]]
*[[Bergdorf Goodman]]
*[[Neiman Marcus]]
*[[Hudson's Bay Company]]
==References==
{{Reflist}}
==External links==
{{Commons category}}
* {{Official website}}
*Yotka, Steff (October 28, 2019). [https://www.vogue.com/article/barneys-new-york-bankruptcy-designer-memories/amp "'Barneys Started Our Career': Five New York Designers Remember the Department Store's Impact as Its Fate Hangs in Limbo"]. ''[[Vogue (magazine)|Vogue]]''.
*Crenshaw, Madeline (October 28, 2019). [https://footwearnews.com/2019/business/retail/history-of-barneys-new-york-1202862913/ "A Look Back At Barneys, the Department Store that Broke the Rules of Retail"]. ''[[Footwear News]]''.
*Schneier, Matthew (October 2019). [https://www.thecut.com/2019/10/how-barneys-went-bankrupt-and-what-comes-next.html "What Went Wrong at Barneys? How a New York shopping paradise went big, then bankrupt"]. [[New York magazine|''The Cut'']].
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{{Authentic Brands Group}}
{{Department stores in the United States}}
{{Authority control}}
[[Category:1923 establishments in New York City]]
[[Category:2020 disestablishments in New York (state)]]
[[Category:Clothing retailers of the United States]]
[[Category:Companies based in New York City]]
[[Category:Private equity portfolio companies]]
[[Category:Shops in New York City]]
[[Category:Luxury brands]]
[[Category:Retail companies established in 1923]]
[[Category:Retail companies disestablished in 2020]]
[[Category:American companies established in 1923]]
[[Category:American companies disestablished in 2020]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 1996]]
[[Category:Companies that filed for Chapter 11 bankruptcy in 2019]]
[[Category:2012 mergers and acquisitions]]
[[Category:Defunct department stores based in New York City]]
[[Category:Authentic Brands Group]]
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