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The Impact of Barneys' Departure From Madison Avenue Could Be Significant

CoStar Insight: New York Luxury Retail Corridor Likely to Face Difficulties Without the Department Store Anchor
Authentic Brands Group purchased Barneys New York out of bankruptcy for $271 million late last year. (Getty Images)
Authentic Brands Group purchased Barneys New York out of bankruptcy for $271 million late last year. (Getty Images)
By Rachel Johnson
CoStar Analytics
March 10, 2020 | 8:15 P.M.

The long decline of Barneys New York, whose bankruptcy and ultimate sell-off has been a reminder that even the most treasured retailer can succumb to obsolescence, has been well documented. Much analysis has been done on what drove Barneys New York to close, but what of the Madison Avenue retail corridor for which it was an anchor since 1993?

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