clock menu more-arrow no yes mobile

Filed under:

Barneys On a Downslide

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to, where our staff is covering consumer culture for The Goods by Vox. You can also see what we’re up to by signing up here.

Someone else desperately in need of a bailout is Barneys, who suffered having their stocks downgraded yesterday. "The downgrade reflects the company's deteriorating liquidity position, which was highlighted by its recent need for a cash infusion by Istithmar World. [Standard & Poor's] is becoming increasingly concerned that vendors may tighten terms or limit shipments to the company." [Crain's]