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Truman Says

Barneys Set to Bang Out More Co-ops

With our economy still sluggishly limping along, you might be surprised to hear that Barney's is preparing to open two new Co-ops, one in Brooklyn and one in Santa Monica, CA. But the retailer has seen healthy sales in recent months and they're ready to take advantage of their success and cash in while there's money to be made.

"We believe in expansion opportunities for the Co-op concept," Karl Hermanns, executive vice president of merchandise planning, marketing, e-commerce and operations, told Women's Wear Daily. "I don't think it will ever be a 100-store concept, but we do see opportunities for several more."

The new Co-op in Brooklyn -- a 6,300-square-foot building going in next to Trader Joe's -- will be at 194 Atlantic Avenue in the Cobble Hill neighborhood and should be open by mid-September. The Santa Monica property -- 5,400-square-feet and located at Santa Monica Place -- will be open by mid-August.

Barneys already has 19 Co-ops open, all of which offer shoppers ready to wear fashions with an emphasis on up and coming designers and denim.

For more on Barneys Co-ops, head to the retailer's official site.

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