Unlike fine dining, luxury retail isn’t doing so hot in brownstone Brooklyn. Barneys on Atlantic Avenue will close, the retailer announced earlier this week, and despite speculation a new owner could bring a change of plans, the store was shuttered Thursday.
“We’re seeing a lot of bigger brands go into bankruptcy — both high end and low end, and they’re shuttering stores all over the place,” said Daniel Lebor, TerraCRG partner.
Barneys leaves behind 11,000 square feet of luxury retail at 194 Atlantic Avenue — “big shoes to fill,” commented Lebor.
Read the full article here