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Barneys New York

Specialty: Department Store
Features: A chain of luxury department stores
Hours: Monday -  Saturday 10:00 am - 7:00 pm, Sunday 12:00 pm - 6:00 pm
Parking: Parking facilities are within walking distance

General Info

The company began in 1923, when Barney Pressman opened his first store in Manhattan with the $500 raised by pawning his wife's engagement ring in order to lease a 500-square-foot (46 m2) retail space at Seventh Avenue and West 17th Street in Manhattan, which would become the original Barney's store, with 20 ft (6 m) of frontage and an awning identifying the store as "Barney's Clothes." The store was stocked with 40 brand name suits and a big sign with a slogan, "No Bunk, No Junk, No Imitations." Barney's was able to sell tailored clothing at discounted prices by purchasing showroom samples, retail overstocks, manufacturers' closeouts at auctions and bankruptcy sales. It also offered free alterations and free parking to attract customers. As business grew, eventually three floors above street level, starting in 1934, would be gradually added to the store.