Connect with us

Headlines

Barneys Considers Downsizing Its NY Flagship

The move is in an attempt to decrease its rent bill

Published

on

New York-based Barneys is reportedly in the process of downsizing its Madison Avenue flagship in New York.

The company is in negotiations that could shrink its footprint at that location by more than half, giving up as many as five of its nine floors. The move is an attempt to reduce its $30 million annual rent for the location.

According to New York Post, the space has become too large for the retailer, though the company plans to retain its popular eatery Freds Madison Avenue. The space’s landlord may convert some of the floors that Barneys gives up into office space or luxury apartments.

Advertisement

SPONSORED VIDEO

Embracing Whole-Brained Thinking in the Design Journey

Strategy needs creative, and creative needs strategy—yep, having both is really the only way of unifying all disciplines with a common vernacular with an eye toward building a strong creative vision that is foundational to the processes. Hear from Bevan Bloemendaal, former VP, Global Environments & Creative Services at Timberland, how to connect the dots between disciplines, claiming and creating a clear differentiation for the brand and ensuring that any asset (experience, product, ad, store, office, home, video, game) is created with intention.

Promoted Headlines

Advertisement
Advertisement

Subscribe

Advertisement

Facebook

Most Popular