Barneys New York sees $92.73 million operating loss for Dec. 1-Jan. 4

By Caroline Salls

Pittsburgh, Jan. 29 – Barneys New York Inc. reported a $92.73 million operating loss for the period of Dec. 1 through Jan. 4 on $92.61 million in net revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company posted $28.36 million in operating income for the period of Nov. 3 through Nov. 30 on $61.65 million in net revenue.

The December operating loss included $23.55 million in selling, general and administrative expenses and $11.44 million in restructuring items.

The net loss for the December period was also $92.73 million, declining significantly from $24.99 million of net income for the previous period.

In addition, Barneys listed $9.97 million in cash and cash equivalents as of Jan. 4, down from $13.86 million at the end of November.

Barneys is a New York-based luxury specialty retailer. The company filed bankruptcy on Aug. 6 under Chapter 11 case number 19-36300.

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