Friday, March 29, 2019

Barneys to shrink Madison Avenue flagship

Retail Dive
Barneys New York plans to give up possibly more than half the space in its flagship Madison Avenue store in New York in order to save on rent, which doubled in January to $30 million a year plus taxes and other expenses, The New York Post reports.

The upscale department store has been battling its landlord for years and the rent hike and new lease were previously in arbitration for a year, according to previous reports. . . . more