{"id":85439,"date":"2019-07-18T14:54:00","date_gmt":"2019-07-18T12:54:00","guid":{"rendered":"https:\/\/highxtar.com\/?p=85439"},"modified":"2019-07-18T14:54:00","modified_gmt":"2019-07-18T12:54:00","slug":"barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks","status":"publish","type":"post","link":"https:\/\/highxtar.com\/en\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\/","title":{"rendered":"Barneys New York could be declared bankrupt in the next few weeks"},"content":{"rendered":"<p><strong>Barneys New York could be the next to join <a href=\"https:\/\/highxtar.com\/topshop-closes-all-its-stores-in-usa\/?lang=en\">the growing list of bankrupt stores<\/a>.<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-85433\" src=\"https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-1.jpg\" alt=\"Barneys New York quiebra\" width=\"1024\" height=\"723\" srcset=\"https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-1.jpg 1024w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-1-300x212.jpg 300w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-1-768x542.jpg 768w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-1-973x687.jpg 973w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-1-508x359.jpg 508w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>The main reasons for this crisis in the luxury clothing company are two. The first is <strong>the extremely high rental prices of its stores<\/strong>. The second is the internet, as <strong>their competition is mostly online<\/strong> (Net-aPorter, RealReal.com) and they don&#8217;t have to face the first difficulty.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-85435\" src=\"https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-2.jpg\" alt=\"Barneys New York quiebra\" width=\"1024\" height=\"576\" srcset=\"https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-2.jpg 1024w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-2-300x169.jpg 300w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-2-768x432.jpg 768w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-2-973x547.jpg 973w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-2-508x286.jpg 508w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>It seems that it can all be summed up in that their physical stores are Barneys&#8217; real problem. It has <strong>locations in the most elegant districts of cities such as Boston, Beverly Hills, California and New York<\/strong>.<\/p>\n<p>According to CBS, <strong>renting its Manhattan showcase on Madison Avenue alone would cost 30 million euros<\/strong>. Rising rental prices could completely eliminate the company&#8217;s profit of 850 million a year.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-85437\" src=\"https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-3.jpg\" alt=\"Barneys New York quiebra\" width=\"1024\" height=\"683\" srcset=\"https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-3.jpg 1024w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-3-300x200.jpg 300w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-3-768x512.jpg 768w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-3-973x649.jpg 973w, https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/highxtar-barneys-new-york-anuncia-posible-quiebra-3-508x339.jpg 508w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p>The nearly 100-year-old retailer is <strong>working to prepare for a possible bankruptcy in the coming weeks<\/strong>. Despite this, the final decision has yet to be made.<\/p>\n<p>If Barneys finally goes bankrupt, it<strong> would be one of the most important victims of the deceleration in retail<\/strong>. <strong>Sears Holdings Inc, Toys &#8220;R&#8221; Us Inc and Gymboree Group Inc<\/strong> already did so last year. It seems that even department stores, luxury or not, are not immune to the fierce competition of online commerce like Amazon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Barneys New York could be the next to join the growing list of bankrupt stores.<\/p>\n","protected":false},"author":11,"featured_media":85443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[603],"tags":[1682],"class_list":["post-85439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fashion-en","tag-natalia-canoa-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin  - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Barneys New York could be declared bankrupt in the next few weeks - HIGHXTAR.<\/title>\n<meta name=\"description\" content=\"Barneys New York could be the next to join the growing list of bankrupt stores.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/highxtar.com\/en\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barneys New York could be declared bankrupt in the next few weeks\" \/>\n<meta property=\"og:description\" content=\"Barneys New York could be the next to join the growing list of bankrupt stores.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/highxtar.com\/en\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\/\" \/>\n<meta property=\"og:site_name\" content=\"HIGHXTAR.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/highxtar\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-18T12:54:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/highxtar.com\/wp-content\/uploads\/2019\/07\/thumb-barneys-ny-close.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Natalia Canoa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@highxtar_\" \/>\n<meta name=\"twitter:site\" content=\"@highxtar_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Natalia Canoa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/highxtar.com\\\/en\\\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/highxtar.com\\\/en\\\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\\\/\"},\"author\":{\"name\":\"Natalia Canoa\",\"@id\":\"https:\\\/\\\/highxtar.com\\\/#\\\/schema\\\/person\\\/3900aea80481e4c4d0a2639aa708bc6c\"},\"headline\":\"Barneys New York could be declared bankrupt in the next few weeks\",\"datePublished\":\"2019-07-18T12:54:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/highxtar.com\\\/en\\\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\\\/\"},\"wordCount\":223,\"publisher\":{\"@id\":\"https:\\\/\\\/highxtar.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/highxtar.com\\\/en\\\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/highxtar.com\\\/wp-content\\\/uploads\\\/2019\\\/07\\\/thumb-barneys-ny-close.jpg\",\"keywords\":[\"Natalia Canoa\"],\"articleSection\":[\"Fashion\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/highxtar.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/highxtar.com\\\/en\\\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\\\/\",\"url\":\"https:\\\/\\\/highxtar.com\\\/en\\\/barneys-new-york-could-be-declared-bankrupt-in-the-next-few-weeks\\\/\",\"name\":\"Barneys New York could be declared bankrupt in the next few weeks - 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