Barneys this week filed for bankruptcy and announced its plan to shutter 15 of its 22 luxury department stores. From Brooklyn to Santa Monica, Philadelphia to the Fashion Outlets of Chicago, the closures come amid an evolving retail landscape, battered by rising competition from e-commerce. “A perfect storm,” said Robin Abrams, a vice chairman in Compass’ commercial division — and one that other retail chains have been weathering in recent years. What the downsizing spells […]
source https://therealdeal.com/2019/08/08/whats-next-for-barneys-landlords/
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