No Business Is Safe When It Comes To Bankruptcy

Published on 04/13/2020
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Barneys New York

Officially, the luxurious department store went bankrupt. The company closed 15 shops in 2019. Like many other retail stores, Barneys claims their sales have been greatly reduced in recent times as people shop online, especially for high-end items. Barneys will still retain its iconic locations in New York, but nobody knows what the future holds for this firm.  

Barneys New York

Barneys New York

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Walmart

At least 18 locations were closed in 2019 by the massive retailer. As a result, hundreds of people are now unemployed. Of the 18 outlets, ten are the neighborhood market stores, two are on-campus, and six are Walmart stores in full size.   

Walmart

Walmart

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