Continued caution is advised as mounting underlying turmoil could disrupt relations among both developed and emerging market economies.
The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.
Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.
While the crop of chief executives at the biggest US companies gets more male, women have made some notable gains in retail.
Threatened by strong e-commerce sales, US department stores went big on their holiday window displays in an effort to draw in consumers.
The luxury retailer is offering store-wide discounts of up to 35 percent on brands such as Prada and Bottega Veneta, in a bid to jettison remaining merchandise.
The licensing firm’s $271.4 million acquisition of the bankrupt luxury department store has closed, but there are plans to keep a physical footprint.
The retailer, which filed for bankruptcy in August, has been seeking proposals to best Authentic Brands' $271 million offer.
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.
Reviving the upscale department store chain will take more than a Kith-like remake.
This week, everyone will be talking about who will buy Barneys New York, the (potential) release of Kanye West's latest album and the protests in Hong Kong. Get your BoF Professional Cheat Sheet.