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barneys return

Barneys return

But a warning before you run out the door: It’s a very Barneys kind of sale.

You’ll find a Chloé bag for $1,690, or $85 off the pre-sale price. You could grab an Altuzarra sweater for $625.50, marked down from $695 . Or you can wait and play chicken — the luxury retail version — with the liquidation specialists running the sales.
“We’ve been contacted by a number of vendors that want to buy their product back, but we haven’t made any agreements with any of them,” Mr. Carpenter said.

A sales associate at the store at Madison Avenue and 61st Street said on Tuesday that employees had lost their 60 percent-off discounts after Sunday and that they were anxious about what they would do for work after the liquidation. The associate, who asked not to be identified , citing fear of retribution, said staff members had not received answers to questions about future jobs with the Barneys label through Authentic Brands.
Days after Barneys New York was sold for pieces, the store-closing sales have started, with windows bearing signs that proclaim “Everything must be sold!” and in a smaller font: “Goodbuys, then goodbye!”
Authentic Brands, whose plans for the brand include licensing it to Saks Fifth Avenue for shop-in-shops, might operate stores named Barneys in the future. However, Mr. Carpenter said his firm “will sell every stitch of product” in its current locations, shuttering Barneys as it is known today. As part of an agreement with Authentic Brands, the sales are being referred to as “store closing sales” rather than “going out of business” sales.
The company hopes to sell the bulk of its luxury wares — from five full-price Barneys stores, two outlets and their corresponding websites — by the end of December but is prepared to run sales into February if necessary. Competing stores generally begin their holiday sales around Nov. 20, which gives Barneys a two-week lead on pocketbooks.
A liquidation sale at Barneys means … 5 percent off luxury handbags. For now, at least.

Shoppers wandered into the Barneys Madison Avenue flagship on Tuesday, asking salespeople about discounts on merchandise like handbags. Several left empty-handed after learning that the deals were currently in the range of 5 to 10 percent off and that wares from LVMH Moët Hennessy Louis Vuitton were excluded entirely.

A liquidation sale at Barneys means … 5 percent off luxury handbags. For now, at least.