Code of Conduct
Results 1 to 29 of 29
  1. #1
    Lean in closer, dear

    Quarry's Avatar
    Join Date
    Aug 2005
    Location
    Wisconsin
    Posts
    10,408
    Blog Entries
    4

    Default Article: Barneys explores bankruptcy filing

    I love visiting their frag department, but admit I've not dropped a bunch of money in their till.

    https://www.theguardian.com/business...kruptcy-filing
    ...Do Less. ... Own Less..... Say "no" More Often.
    Currently wearing: Aria di Capri by Carthusia

  2. #2
    hednic's Avatar
    Join Date
    Oct 2007
    Location
    Reside in McLean, Va., Manhattan NYC, Manuel Antonio Costa Rica & Búzios Brasil
    Posts
    286,459

    Default Re: Article: Barneys explores bankruptcy filing

    Sign of the times I guess, but sad news nonetheless.
    Remember that while it is perfectly acceptable to criticize the content of a post - criticizing the poster is not.
    Mean spirited, nasty, snide, sarcastic, hateful, and rude individuals on Basenotes don't warrant or deserve my or other Basenoters' acknowledgement or respect.

  3. #3
    The Devil in the Details
    Zealot Crusader's Avatar
    Join Date
    Oct 2012
    Location
    Seattle/Bellevue
    Posts
    6,740
    Blog Entries
    7

    Default Re: Article: Barneys explores bankruptcy filing

    If the one near me closes it's doors, I'm going to raid their Diptyque section.
    oh look, I have a signature

  4. #4
    Basenotes Junkie Andy the frenchy's Avatar
    Join Date
    Sep 2018
    Location
    US
    Posts
    534

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by hednic View Post
    Sign of the times I guess, but sad news nonetheless.
    Truth. Unfortunately, many dept stores haven't understood yet that they are now mostly limited to be showcases for brands, where customers come mostly to test, before going online to buy their fragrances 3 times cheaper. In order to survive, they should change their business models, and bill (more) brands to be present in store, instead of expecting a decent margin on sales.

    I'm no business strategy expert, just my thoughts based on observation and logical reasoning.
    Currently wearing: L'Humaniste by Frapin

  5. #5
    Basenotes Junkie Andy the frenchy's Avatar
    Join Date
    Sep 2018
    Location
    US
    Posts
    534

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Zealot Crusader View Post
    If the one near me closes it's doors, I'm going to raid their Diptyque section.
    Out-of-topic, by I just got my hands on a nearly full Vetiveryo edp for $90 shipped. One of the most beautiful rooty vetiver I got my nose on so far, masterfully rounded by a subtle - but noticeable - rose note. Masterpiece.

    That said, I'm not sure that Barneys's prices - even with, let's say, a 50% discount for sales before closure - would be cheaper than regular online prices...
    Currently wearing: L'Humaniste by Frapin

  6. #6

    Default Re: Article: Barneys explores bankruptcy filing

    Bummer.


    Sent from my iPhone using Tapatalk Pro
    A Greater Monster, The Kickstarter Letters & Death by Zamboni
    daviddavid.net
    And my art store on Etsy

    > Gold Medal for "Outstanding Book of the Year" in Independent Publisher Book Awards
    > National Indie Excellence Book Award finalist
    > A Greater Monster named a "Top 10 Book of 2012" by Common Ills blog
    > Listed in "10 Hot Chicago Reads for Chilly Nights" on Refinery29.com
    Currently wearing: Vlad Dracul by Sixteen92

  7. #7

    Default Re: Article: Barneys explores bankruptcy filing

    Barney's has toyed with bankruptcy for years now. Their problems are competition from online sources and their slow response to this threat. I suspect though that Barneys NY is putting out this threat of bankruptcy notice to encourage a better lease negotiating position or as a bluff to their current financial backers. Hope they make it!
    Top Bottles Summer '19: • eau de cologne imperiale • le labo bergamote 22 • zegna florentine iris • [/I] le labo another 13 • 19-69 purple hazeblack leather j-scent • artist phuong dang • hemes osmanthe yunnan • andree putman l'original tonic blanc kosmala • xerjoff nioapres l'amour kosmala no. 4 • 19-69 caprigentleman givenchy cologne • villa nelicote 19-69 •

  8. #8
    Freed from BN Institution

    N.CAL Fragrance Reviewer's Avatar
    Join Date
    Jul 2011
    Location
    CA
    Posts
    38,416

    Default Re: Article: Barneys explores bankruptcy filing

    Personally I spend the least amount of time at Barneys compared to other department stores like Neimans and Saks. This is unfortunate news.
    Follow Upcoming Sync Fridays HERE:http://www.basenotes.net/threads/459...d-Fridays-2019

    Fragrance Reviews:http://www.basenotes.net/fragrancereviews/13373062

    Interested in Learning about Discontinued/Vaulted Creeds? Join Basenotes' Creed Group: http://www.basenotes.net/group.php?groupid=35

  9. #9
    The Devil in the Details
    Zealot Crusader's Avatar
    Join Date
    Oct 2012
    Location
    Seattle/Bellevue
    Posts
    6,740
    Blog Entries
    7

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Andy the frenchy View Post
    Out-of-topic, by I just got my hands on a nearly full Vetiveryo edp for $90 shipped. One of the most beautiful rooty vetiver I got my nose on so far, masterfully rounded by a subtle - but noticeable - rose note. Masterpiece.

    That said, I'm not sure that Barneys's prices - even with, let's say, a 50% discount for sales before closure - would be cheaper than regular online prices...
    Yeah, Barney's is like $150 for that one, and $175 for the EdP. If they started selling stuff at 50% to liquidate, I might jump on it from them, because then we're talking $75 a bottle, but otherwise online is cheaper. I actually haven't tried Vetiteryo yet, but I love a lot of this house:
    oh look, I have a signature

  10. #10
    Moderator

    cazaubon's Avatar
    Join Date
    Jan 1970
    Location
    Montréal and San Diego
    Posts
    5,540

    Default Re: Article: Barneys explores bankruptcy filing

    Isn’t Neiman Marcus also on the brink of bankruptcy? The department store model just doesn’t seem to work well nowadays. I wonder how Nordstroms is faring.

  11. #11
    The Devil in the Details
    Zealot Crusader's Avatar
    Join Date
    Oct 2012
    Location
    Seattle/Bellevue
    Posts
    6,740
    Blog Entries
    7

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by cazaubon View Post
    Isn’t Neiman Marcus also on the brink of bankruptcy? The department store model just doesn’t seem to work well nowadays. I wonder how Nordstroms is faring.
    Nordstrom rents out unused tracts of floorspace for pop-up retailers, becoming almost a mini-mall on the upper floors. They also have a robust rewards program and online presence. They're pretty much the only traditional department nameplate not suffering right now because they've diversified. Meanwhile, the old Macy's here down the street from the flagship Nordstrom ironically shrank it's footprint and rents out the remaining floors to Amazon for offices.
    oh look, I have a signature

  12. #12
    Missing Oakmoss

    Bonnette's Avatar
    Join Date
    Jul 2015
    Location
    Colorado
    Posts
    2,544

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Andy the frenchy View Post
    Truth. Unfortunately, many dept stores haven't understood yet that they are now mostly limited to be showcases for brands, where customers come mostly to test, before going online to buy their fragrances 3 times cheaper. In order to survive, they should change their business models, and bill (more) brands to be present in store, instead of expecting a decent margin on sales.

    I'm no business strategy expert, just my thoughts based on observation and logical reasoning.
    This makes perfect sense. It's really about the only thing that would work for any of the big ticket stores, these days.

  13. #13
    Dependent Shiny Beast's Avatar
    Join Date
    May 2012
    Location
    Seattle
    Posts
    5,698

    Default Re: Article: Barneys explores bankruptcy filing

    Perhaps they should explore lowering their silly prices.

    "I drank what?" -Socrates

  14. #14
    Freed from BN Institution

    N.CAL Fragrance Reviewer's Avatar
    Join Date
    Jul 2011
    Location
    CA
    Posts
    38,416

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by cazaubon View Post
    Isn’t Neiman Marcus also on the brink of bankruptcy? The department store model just doesn’t seem to work well nowadays. I wonder how Nordstroms is faring.
    I wonder if Amazon would consider buying these businesses?
    Follow Upcoming Sync Fridays HERE:http://www.basenotes.net/threads/459...d-Fridays-2019

    Fragrance Reviews:http://www.basenotes.net/fragrancereviews/13373062

    Interested in Learning about Discontinued/Vaulted Creeds? Join Basenotes' Creed Group: http://www.basenotes.net/group.php?groupid=35

  15. #15

    Oviatt's Avatar
    Join Date
    Jan 2007
    Location
    Los Angeles and New York City
    Posts
    4,945

    Default Re: Article: Barneys explores bankruptcy filing

    Sorry to hear it--again--but it has never been a favorite of mine. Not sure why, but it has never rocked my boat. I would take Bergdorf's Mens any day over Barneys--and I do. I cannot believe that Bendel's is gone. Not that I ever bought anything there but still..... A great favorite of my wife's backing the day. I still start when I walk by Lord & Taylor and see it empty. Does anyone remember Altman"s?
    Very clearly a case for corn flakes and classics

  16. #16

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Oviatt View Post
    Sorry to hear it--again--but it has never been a favorite of mine. Not sure why, but it has never rocked my boat. I would take Bergdorf's Mens any day over Barneys--and I do. I cannot believe that Bendel's is gone. Not that I ever bought anything there but still..... A great favorite of my wife's backing the day. I still start when I walk by Lord & Taylor and see it empty. Does anyone remember Altman"s?
    (Raises hand.) I remember Altman's. I once bought a hat there for my dad. They closed about 100 years ago, right?

    Barney's never clicked with me either. I would go to Bergorf's or even Saks over Barney's any day. I found it easier to communicate with the SAs in the latter two stores.
    ​"It was foolish of her not to have bought a larger bottle."

    Dorothy Eden, The Time of the Dragon

  17. #17

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Oviatt View Post
    Sorry to hear it--again--but it has never been a favorite of mine. Not sure why, but it has never rocked my boat. I would take Bergdorf's Mens any day over Barneys--and I do. I cannot believe that Bendel's is gone. Not that I ever bought anything there but still..... A great favorite of my wife's backing the day. I still start when I walk by Lord & Taylor and see it empty. Does anyone remember Altman"s?
    Altmans was my favorite store when I was a young woman. I remember splurging on a pair of Anne Klein shoes that were totally impractical and cost practically a week's pay.
    That was when Anne Klein was a couture brand.

  18. #18

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by FiveoaksBouquet View Post
    (Raises hand.) I remember Altman's. I once bought a hat there for my dad. They closed about 100 years ago, right?

    Barney's never clicked with me either. I would go to Bergorf's or even Saks over Barney's any day. I found it easier to communicate with the SAs in the latter two stores.
    100 years is about right.

  19. #19
    Moderator
    rum's Avatar
    Join Date
    Mar 2011
    Location
    UK / Île de chypre
    Posts
    12,887

    Default Re: Article: Barneys explores bankruptcy filing

    Sad news but ultimately it's the same everywhere... the UK high street has also had some very troublesome times and there is currently no let up in the misery.

  20. #20
    Moderator
    rum's Avatar
    Join Date
    Mar 2011
    Location
    UK / Île de chypre
    Posts
    12,887

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Andy the frenchy View Post
    Truth. Unfortunately, many dept stores haven't understood yet that they are now mostly limited to be showcases for brands, where customers come mostly to test, before going online to buy their fragrances 3 times cheaper. In order to survive, they should change their business models, and bill (more) brands to be present in store, instead of expecting a decent margin on sales.

    I'm no business strategy expert, just my thoughts based on observation and logical reasoning.
    Summed up pretty nicely, Andy. This is my view as well. High street prices are just not competitive enough and with the rise of online stores, who often can afford to discount heavily (no store costs for them and can hold more physical stock than a high street), the high street is going to continue in decline in my view.

  21. #21

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Andy the frenchy View Post
    In order to survive, they should change their business models, and bill (more) brands to be present in store, instead of expecting a decent margin on sales.

    I'm no business strategy expert, just my thoughts based on observation and logical reasoning.
    That's an interesting idea. I wonder if brands would bite based on how much value they see in being seen in some place like Barney's. And how many people actually sample (clothes, scents, anything) in store vs just going directly online and returning if they don't like it. That seems to be the new trend: buy 5 things and return the 4 you don't like. I know a lot of stores act as online return dropoff points.

    I've never set foot in a Barney's, personally. None here, and I've not made it a planned stop when visiting a city with one. Too many Barney's references in American Psycho, maybe.
    Last edited by LiveJazz; 16th July 2019 at 12:48 PM.
    "It's not what you look like when you're doing what you're doing; it's what you're doing when you're doing what you look like you're doing."

  22. #22
    hednic's Avatar
    Join Date
    Oct 2007
    Location
    Reside in McLean, Va., Manhattan NYC, Manuel Antonio Costa Rica & Búzios Brasil
    Posts
    286,459

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by LiveJazz View Post
    Too many Barney's references in American Psycho, maybe.
    Remember that while it is perfectly acceptable to criticize the content of a post - criticizing the poster is not.
    Mean spirited, nasty, snide, sarcastic, hateful, and rude individuals on Basenotes don't warrant or deserve my or other Basenoters' acknowledgement or respect.

  23. #23
    Dependent Danny Mitchell's Avatar
    Join Date
    Mar 2019
    Location
    Indianapolis, IN
    Posts
    1,479

    Default Re: Article: Barneys explores bankruptcy filing

    It doesn't appear that they're closing any stores. Rather, it seems they are filing in order to save some of their stores and keep them open. Who knows how long that will last.
    "Ducks eat for free at Subway."

  24. #24

    Default Re: Article: Barneys explores bankruptcy filing

    Wall Street Journal this evening says Barneys is indeed filing for bankruptcy. Plans to close most stores.

    https://www.wsj.com/articles/barneys...d=hp_lead_pos4
    "That lover which is like fragrance
    Whose voice is as beautiful as Urdu.

    She who hides in the flowers
    you can only find her from her fragrance."

    "Chaiyya Chaiyya," from the film, "Dil Se."
    <div class="bnsotd"><b>Currently wearing:</b> <a href="ID26125293.html"><img src="http://www.basenotes.net/photos/products/33/26125293.jpg"> Hypnôse by Lancôme</a></div>

  25. #25
    Freed from BN Institution

    N.CAL Fragrance Reviewer's Avatar
    Join Date
    Jul 2011
    Location
    CA
    Posts
    38,416

    Default Re: Article: Barneys explores bankruptcy filing

    Looks like the Chicago store is going. The SF store will be around a little bit longer?
    https://www.cnbc.com/2019/08/06/barn...ankruptcy.html
    Follow Upcoming Sync Fridays HERE:http://www.basenotes.net/threads/459...d-Fridays-2019

    Fragrance Reviews:http://www.basenotes.net/fragrancereviews/13373062

    Interested in Learning about Discontinued/Vaulted Creeds? Join Basenotes' Creed Group: http://www.basenotes.net/group.php?groupid=35

  26. #26

    Default Re: Article: Barneys explores bankruptcy filing

    Quote Originally Posted by Andy the frenchy View Post
    Truth. Unfortunately, many dept stores haven't understood yet that they are now mostly limited to be showcases for brands, where customers come mostly to test, before going online to buy their fragrances 3 times cheaper.
    With fragrances and clothes for myself personally.
    Don't stank.

  27. #27

    Default Re: Article: Barneys explores bankruptcy filing

    This is pretty crazy. When I read it, I assumed it was some sort of debt consolidation. Mind you, even as a New Yorker, I mostly just browsed the store to see what was happening. Never had the cash to drop on the good stuff.

  28. #28
    Dependent Mr. Prince's Avatar
    Join Date
    Apr 2019
    Location
    California
    Posts
    1,381

    Default Re: Article: Barneys explores bankruptcy filing

    Sad. This is probably a considerable factor. I know that I personally check Amazon for nearly everything. And I often find a lower price than retail.

    Quote Originally Posted by Andy the frenchy View Post
    Unfortunately, many dept stores haven't understood yet that they are now mostly limited to be showcases for brands, where customers come mostly to test, before going online to buy their fragrances 3 times cheaper. In order to survive, they should change their business models, and bill (more) brands to be present in store, instead of expecting a decent margin on sales.
    I've never stepped foot in to a Barneys, so this doesn't affect me much. I had a sales associate from Givenchy tell me (having worked at Saks) that even Saks Fifth Avenue is not doing well. Like others have said, it's a sign of the times. As long as I have Nordstrom (and Neiman Marcus, although less frequently visited), I can live with no other department stores. Thanks for sharing this article.

  29. #29
    Basenotes Institution
    sjg3839's Avatar
    Join Date
    Aug 2012
    Posts
    42,413

    Default Re: Article: Barneys explores bankruptcy filing

    Now that's a surprise.
    <div class="bnsotd"><b>Currently wearing:</b> <a href="ID26148387.html"><img src="http://www.basenotes.net/photos/products/33/26148387-7393.jpg"> Carven L'Eau Intense by Carven</a></div>




Similar Threads

  1. Perfumania Files for Bankruptcy!!
    By Whitealltrac in forum General Fragrance Discussion
    Replies: 4
    Last Post: 30th August 2017, 09:25 PM
  2. Replies: 1
    Last Post: 30th September 2010, 10:34 PM
  3. Escada facing bankruptcy
    By the_good_life in forum General Fragrance Discussion
    Replies: 25
    Last Post: 5th September 2009, 04:14 PM
  4. Christian Lacroix house files for bankruptcy
    By Primrose in forum General Fragrance Discussion
    Replies: 8
    Last Post: 31st May 2009, 04:43 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  



Loving perfume on the Internet since 2000