Barneys New York’s Store-Closing Sale: What You Need To Know Before You Go

Five days after Authentic Brands Group won bankruptcy court approval to become Barneys New York’s new owner, the store-closing sale at the storied retailer’s Beverly Hills flagship was well under way, with huge signs in the windows fronting Wilshire Boulevard that read, “Everything MUST be sold!, Goodbuys then good goodbye!” and smaller signs posted throughout the five-story store advertising discounts ranging from 5% (menswear and Chanel footwear) to 10% (luxury rolling papers and fine jewelry). What there didn’t seem to be very many of, at 10:30 a.m. Tuesday, were shoppers angling to take advantage of the discounted luxury goods. (There were about two dozen cars on the first level of the underground parking garage; 90 minutes later, upon exit, that number had almost doubled.) Read more at Los Angeles Times.