The Dallas Newsreports that Barneys New York will be closing its 88,000-square-foot, two-level store in the Dallas NorthPark mall. The store has been open since 2006. Chain Store Agereports that the store will remain open until April 2013.
Our hope for Barneys was that their merchandise mix would complement the offerings of our other retailers, and that their prime location within the shopping center and within the city would enable them to thrive. Since Barneys opened in 2006, NorthPark Center's total sales increased from approximately $715 million to $1.1 billion this year, and our sales per square foot increased from approximately $720 dollars per square foot to more than $900 dollars per square foot today. While it is regrettable that Barneys is leaving, we have exciting possibilities for that space that we should be able to discuss soon.