Retail Industry
Industry: Email Alert RSS FeedBarneys vendors love firm, hate policies. (Barney's Inc. bankruptcy filing)(includes related articles)
Daily News Record, January, 1996 by Curan, Catherine; Gellers, Stan; Kaplan, Don; Socha, Miles; Spevack, Rachel
Apparel makers had mixed reactions to Barneys New York's bankruptcy filing. Some defended the upscale retailer, but others decried the company's record of slow payments and lack of responsiveness. Some apparel vendors, responding to slow payments, negotiated guaranteed payment or cash-in-advance plans with Barneys, but the retailer reportedly stopped adhering to those policies in Nov 1995.
NEW YORK -- A stunned apparel industry responded to the news of Barneys New York's Chapter 11 filing with expressions of both support and frustration of doing business with the upscale company.
Many manufacturers rallied in defense of the retailer. While others, speaking on the condition of anonymity, recounted horror stories of Barney's irresponsibility and resistance to...
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