RETAIL APOCALYPSE: Barneys will probably file for BANKRUPTCY

The retail apocalypse news keeps coming, even on Sundays. Barneys operates almost 30 stores in the US and Canada.

>Trump's economy is marvelou-

Welp...

>Barneys Might File For Bankruptcy

>Barneys New York, Inc. is exploring the possibility of filing for bankruptcy due to high rents and changing consumer trends.

>One of the oldest luxury department stores, Barneys, has almost stood the test of time — reaching centennial in a few years. The store first opened in 1923 on Seventh Avenue and 17th Street. The stores are known for their high-end design collection and have been featured as the top retailer for luxury products.

>Barneys is now working with Kirkland & Ellis, an international law firm, to prepare for potential bankruptcy filing in the next few weeks though reports say that the high-end retail company has not yet made a final decision.

>Barneys’ stores, which are located in top market real estate, are struggling to cope with expensive leases. Aside from filing for bankruptcy, it is still looking for other options to address high rental rates.

>Barneys’ flagship store in Madison Avenue, New York had a steep increase in rent from $16 million in the previous years to $30 million in January 2019.

>Retailers, including high-end ones, could no longer afford New York’s expensive properties. In 2017, Ralph Lauren closed its Fifth Avenue store. This January, Lord & Taylor store, owned by Hudson’s Bay Company, closed its Fifth Avenue flagship, too.

z6mag.com/2019/07/14/barneys-might-file-for-bankruptcy/

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greenvilleonline.com/story/news/2019/07/12/retail-closings-in-2019-12-000-stores-could-be-gone-across-the-us-by-year-end/1713133001/
youtube.com/watch?v=yo9qLKupml8
twitter.com/SFWRedditGifs

Federal reserve.

Fake and gay.

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Jews wouldn’t be raising rent if the economy was shit.

Yes they would retard. They are raising rent because they are communists, and if the lower middle class keep paying more rent, they end up in the poor class. When you have no money, you have no power or motivation, or time to challenge marxism.

When everyone is poor, they'll call it democratic socialism, but it's basically a system where 97% of us are poor.

So the Jewish landlords in NYC, and they are jewish, hiked their rent. how is that Trump's fault?

Why haven't they adapt? The same fucking boomers who tell us we're lazy, filling for bankruptcy. Looks like they're not as smart as they thought.

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>no online
>get fucked

It's only been decades now. You didn't see the writing on the fucking wall because you were dumb and arrogant. Now you die.

The rents are going up because those buildings are targets for foreign buyers/money-launderers. That's ANOTHER thing that Trump hasn't addressed. "Hot" money from overseas flowing into the US real estate market, pricing out actual Americans.

Those boomers should have learned to code.

Fuck department stores and fuck corporations

The Boomers are fine. They are already quite wealthy. The people getting reamed by all these retail closures are younger employees/salespeople.

>t. Poorcunt

Retailers are Jewish middleman I’m glad they’re dead. Brands can now sell direct to consumers or through a more efficient platform like amazon.

Jew here. If someone can consistently make rent payments, it means you aren't charging enough and can squeeze them for more.

Damn, that's pretty fucking Jewish.

>Jew here. If someone can consistently make rent payments, it means you aren't charging enough and can squeeze them for more.

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There is no retail apocalypse. Some retailers have simply become complacent dinosaurs. This is merely a culling of the wheat from the chaff. Some retailers are adapting and will survive. An example would be Target, which is slowly turning their stores into distribution and fulfillment centers. Much of their sales is starting to come from their website, with users opting to use the free store pickup option. The shipping times tend to be better than standard shipping, has the added security of not having to worry about porch pirates, and is lower cost since target is using their existing logistics network for their stores.

Specialty boutiques are also still going fairly strong since people who have disposable income have the time to walk around and enjoy the purchasing process and customer service for their Veblen goods.

This is obvious to anyone with half a brain, but is also a major source of blighted properties and lost income. You guys get too greedy to the point of preferring zero income over fair market value. The property goes to shit and now nobody wants some blighted hepatitis factory that needs a hazmat team to clean up before you can do any development on it.

oh no, where will normal americans buy their $800 scarves from now?
saged

>There is no retail apocalypse.

Hmmm...

>Retail closings in 2019: 12,000 stores could be gone across the US by year end

>The retail apocalypse isn't showing any signs of slowing down.

>Six months into 2019, there have already been 20% more store closings announced than in all of 2018, according to a new report from global marketing research firm Coresight Research.

>Based on Coresight Research's figures and retailers' earnings reports, more than 7,000 stores are slated to shutter this year with thousands of locations already gone.

>The "going-out-of-business" sales and liquidation of other brands is expected to continue. Coresight estimates closures could reach 12,000 by the end of the year, the report said.

greenvilleonline.com/story/news/2019/07/12/retail-closings-in-2019-12-000-stores-could-be-gone-across-the-us-by-year-end/1713133001/

You come across as a poor person.

>New York importing in millions of niggers and causing real estate to be super expensive is Trump's fault.

Lol why is it City fags make bad decisions then blame everyone else?

I'm glad retail stores are closing maybe their owner will become poor too

That Jew will have some 'splainin to do on judgement day.

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>equating some failing businesses to an apocalypse
>embellishing for dramatic effect
It's the classic kvetch. Believing the kvetching or table pounding of market analysts is retarded. Consumer discretionary is one of the best performing sectors in the market. Even the tariff kvetching has been proven to be bullshit due to the relatively unchanged pricing. Consumers aren't the ones paying for them. A few losers are going away, that's business as usual in a free market. There will always be failing businesses that go the way of the dinosaurs. Pay less attention to the negative demoralizing and more to the ones who are adapting and winning.

>when you have no money you have no power or motivation
What is a “gun”

Omg and I haven't even been there.

When is the final sale?

>30 stores
This is a small company in a niche market, whose suppliers have started selling direct-to-consumer, online.
This is not due to the economy, it is happening to many retailers, with the exception of those that buy in bulk, and sell to the largest market of consumers.
This company ran its stores in the most desirable address regions in the largest cities, it catered to the very rich, expecting that they would look at money as a plaything, and not seek out the best prices.
But seeking out the best prices is simple online, even the wealthy do it. And getting dressed up and being seen in the swankiest stores is not really a big thing, anymore.
Pile on the Jew landlord greed, and there's no reason to keep going.

They could do what other stores have done, stop renting, go outside the cities and build stores they own, but their limited clientele would probably not accept the inconvenience...and the people inhabiting the regions they would build in do not have the dough to waste on shoddy Asian sweatshop products with fancy names stitched on them.

In any case, if they go out of business, who will the Jews get to rent their dumps, for 30 million a year?
Think about it...how many of you would love to win the 30 million dollar lottery, just once in your lives?
This rent is clownishly ridiculous.

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i have no fucking idea what barneys is
must be a jew york thing
in which case, nothing of value was lost

I make nearly $350k a year and agree with him

No one cares what your scarf cost

People that are rich don't care what people think about what they have, people that have money try to show off.

That's a shame. Now if you'll excuse me I have to get ready for Amazon prime day tomorrow. Gonna be some killer deals

guns are getting pretty expensive for what you get

so OP thinks ALL stores should just stay in business even if they suck and do nothing to add value to a customer and then customers stop shopping, but this is Trumps fault?

LOL fucken KILL YOUSELF. You are too stupid to live

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Economy is great right now if you have money invested in stocks and bonds, otherwise it's not that great for the majority of Americans without a retirement plan, or without extra money to invest, and the vast majority of Americans do not invest outside of a 401k.

>30 stores
>retail apocalypse
>Trump

what is everyone shops online.

faggot slide post

>Barneys operates almost 30 stores in the US and Canada.
Call back when a real company goes bankrupt

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maybe they should run their business better.

>Barneys New York, Inc. is exploring the possibility of filing for bankruptcy due to high rents and changing consumer trends.
New Yorks retarded high rent is now bankrupting companies. Good job socialist shithole NY. Once companies start shutting down tax dollars start to dry up. NY is gunna look worse than Detroit does in 10 years

>charge 3-8x what online retailers do
>go out of business
This is just pure competition like it was intended to work.

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Something no one in NYC can use

$30 million in rent a month for one NYC location? WHAT IN THE EVERLOVING FUCK????

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>ordering online becoming more popular
>this is trumps fault
lel

All those gains are imaginary and lack the ability to be actualized anyway. Hedging your bets on the stock market not going through periodic and disastrous """corrections""" is retarded.

>Overpriced trash
good riddance, I prefer to buy online

HAS TO BE PER YEAR.

$2.5M in rent per month for a clothes store

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There's no way they were paying $30 million /mo for a single storefront

I refuse to believe any business could be run by people this fucking stupid.

>problems started decades ago are coming to their final conclusions
FUCKING DRUMPF!!!1

I fucking hate this the most. It should be reciprocal, especially with China, who doesn't allow foreigners to own businesses or property in China, for good reason. However, if they're like this, there's no reason to allow them the courtesy if they aren't willing to do it themselves.

This is Jeff Bezos, not Donald you fucking ass hat.

Amazon is subsidized indirectly by not paying taxes, so that the US can compete with Alibaba.
In the long run it means practically everything will be bought and sold online.

>retail apocalypse
>changing consumer trends
I got your changing consumer trends right here:
youtube.com/watch?v=yo9qLKupml8

And there's people to defend that

>another LET’S BLAME DRUMPF FOR WHY CHAINS THAT HAVE BEEN DYING FOR 10-20 YEARS ARE NOT RECOVERING
It’s all so tiresome.

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>That's ANOTHER thing that Trump hasn't addressed.
And.......De Blazio just let\s it happen?

Imagine being a high end retailer and all of a sudden your rent rises to the point where you have to sell $40k MORE in goods per day, 7 days per week, just to stay even with the previous year. Nobody could do that. It's impossible. It would only work if you were making ridiculous profit already.

Bland looking store. Luxury clothes is a scam for the poor.