Barneys Warehouse Sales No More?
Going, going, gone?
Insiders are telling the New York Post that new Barneys CEO Mark Lee may be considering getting rid of the retailer's biannual Warehouse Sale, putting an end to one of fashion's most eagerly anticipated—and frenzied— sales events.
The news comes after complaints of a lackluster sale this February and March, though a Barneys spokesperson tells the paper that the limited amount of discounted designer wares on offer was the result of store buyers ordering the right amount of products and having less excess stock.
The New York Post says Lee—whose tenure has already seen the dramatic departures of Simon Doonan and Julie Gilhart—is rumored to "look down his nose" at the sale and may prefer to have extra stock sent to clearance centers. Barneys has yet to comment.
"There are so many more prestigious ways to get rid of excess inventory than having a warehouse sale where merchandise is stomped on and moved around and damaged," says Candace Corlett of WSL Strategic Retail. "Why would Barneys do that when they could sell it on [online designer discount sites] Gilt or Ideeli?"
Get the full story from the New York Post.