Will Barneys’ Change in Ownership Affect the Dallas Store?

Now that Barneys New York has handed primary ownership over to Perry Capitol in exchange for lowering its debt, good things could be in store. According to a statement by Barneys Chief Executive Officer Mark Lee, the freedom from the $590 million debt will allow the brand to “revitalize our stores, invest in Barneys.com and further enhance our customer experience at a time when our operational financial performance is very strong.” Women’s Wear Daily reports Dallas’ storefront’s slow traffic is still a concern for Barneys. Will this new transaction help Barneys breathe a little life back into the NorthPark flagship? Not sure, but it sure would be nice…