"Barneys New York, an icon of New York retail, filed for bankruptcy early Tuesday morning, with a plan to significantly reduce its footprint, as it looks for a buyer to stave off liquidation."
"The entire industry is in survival mode ... the model is not working, it’s not working for Neiman Marcus, it’s not working for Saks, it’s not working for us, it’s not working for Nordstrom."
https://www.cnbc.com/2019/08/06/barneys-icon-of-new-york-retail-files-for-bankruptcy.html