Skip to content
Subscriber Only

Barneys Bankruptcy Leads to Rare Luxury Deals This Black Friday

  • Liquidation offers rare price cuts just in time for holidays
  • Rivals, loathe to discount, could feel heat in critical period
Barney's New York retail store in New York.
Barney's New York retail store in New York.Photographer: Victor J. Blue/Bloomberg

Barneys New York Inc. will deepen its discounts over Black Friday weekend in a rare clearance of luxury brands -- undercutting rival retailers that are generally loathe to offer price cuts on expensive merchandise.

Clearance sales at Barneys will average 30% to 35% off starting on Wednesday as the holiday shopping rush begins, a representative for B. Riley Financial, the firm handling the sale all remaining inventory, confirmed Tuesday. That’s steeper than the earlier round of 5% to 10% discounts, and could have an impact on rivals’ luxury sales during Black Friday.