As the retail apocalypse drags on, it continues to claim department store chains among its victims.
Barneys New York is the latest to fall, having filed for Chapter 11 bankruptcy in August. While the luxury retailer could be acquired by Authentic Brands Group this month for $271.4 million, its seven locations would reportedly be shuttered as part of the deal.
The iconic company follows a growing list of familiar names that have closed doors.
Just last year, Bon-Ton closed 200 stores after failing to find a buyer. The retailer had been around since 1898. In addition to the Bon-Ton stores, the company closed shops operating under the Carson’s, Younkers, Elder-Beerman, Bergner’s, Boston Store and Herberger’s names.
While Bon-Ton shut down after failing to find a buyer, other department stores have seen less dramatic endings.
One of the original five-and-dime stores, Woolworth’s was among the largest retailers internationally in the mid-20th century — but by the 1980s, it was struggling. Its sportswear division was a bright spot, so eventually the Woolworth’s name was abandoned entirely, spun off into its successor: Foot Locker.
Many of the once-strong chains ended up being converted into Macy’s stores after being acquired by the department store’s parent — including Marshall Field’s, Hecht’s and Dayton’s.
Marshall Field’s was a Chicago institution, having been founded in 1852 and survived through the Great Chicago Fire and two World Wars. Despite Windy City residents’ protests, the iconic State Street flagship was converted to a Macy’s in 2006, marking the end of an era.
See more photos of store closures through the years.
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