NEW YORK — The guardians of the palace that is Bergdorf Goodman have become increasingly vigilant.

As the world’s only premier luxury department store situated solely in New York, Bergdorf Goodman has felt the impact of 9/11 and the shrinking wealth of the rich perhaps more than any other retailer. On Sept. 18, BG notified vendors it was canceling remaining fall orders, with the exception of special orders, and scaling back on resort and spring. Though stores nationwide canceled goods in the wake of the World Trade Center and Pentagon tragedies, BG’s letter came to symbolize an industry in turmoil and one that was desperate to dispose of merchandise.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus