Barney's New York wants to close two stores according to the Wall Street Journal. One of the stores is Barney's 85,000 square-foot store at the Shoppes at the Palazzo in Las Vegas. The WSJ says Barney's has only been able to generate 1/4 of the sales they hoped for at the Palazzo.
One is the 85,000-square-foot store at the Shoppes at the Palazzo in Las Vegas, owned by real estate operator General Growth Properties Inc., the people said. Barneys is the anchor tenant in the $1.9 billion retail-entertainment complex on the Las Vegas strip that opened last year and features boutiques from tony brands such as Christian Louboutin and restaurants run by celebrity chefs.
Barneys had expected to generate $6 million a month in sales at the store, but since last fall the company has eke out about a quarter of that, one person familiar with the issue said. Neither Istithmar World, which owns the retailer, nor Barneys replied to requests for comment.
"The mall is beautiful, but you just can't shop it," said Matt Bear, principal of EndCap Real Estate Advisors in Las Vegas. "The layout is strange," making Barneys hard to find. Surrounding luxury boutiques are also cannibalizing Barneys' sales, he said.
The second store location that Barney's wants to close has not been named. Barney's recently received a $25 million cash infusion and opened a mega store in Chicago.
Barney's New York wants to close two stores according to the 
