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Barneys refutes downsizing

April 02, 2019 / Daphne Howland
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On Monday afternoon a Barneys spokesperson pushed back on reports, which had been swirling for days, regarding downsizing of its main Manhattan store, calling them "incorrect" in an email to Retail Dive. "Barneys New York is committed to maintaining the footprint of its Madison Avenue flagship, and continuing to serve its customers within this iconic store," the spokesperson also said. "There are no active conversations regarding the store’s footprint, and all statements indicating otherwise are false." Barneys New York plans to give up possibly more than half the space in its flagship Madison Avenue store in New York in order to save on rent, which doubled in January to $30 million a year plus taxes and other expenses, The New York Post reports.