NEW YORK (1010 WINS) — Barneys New York, an iconic New York department store for almost a century, filed for bankruptcy Tuesday morning.
The plan the luxury retailer filed called for keeping just five of its 10 existing outlets open, including its flagship on Madison Avenue and a location in downtown Manhattan.
Barneys says it will close stores in Chicago, Las Vegas and Seattle as well as seven Barneys Warehouse stores.
Barneys filed for bankruptcy once before, in 1996, after a fight with its then owner, Japanese department store company Isetan.
