CHELSEA — The next Barneys Warehouse Sale will be its last at its longtime home with the famed retailer planning on closing its Chelsea location, according to reports.
Hordes of bargain-hunting fashionistas descend on Barneys Chelsea Co-Op at 236 W. 18th St. twice a year to find high-fashion items at low prices. But with the location reportedly set to close at the end of next month, the company told Racked that it plans to move the upcoming summer warehouse sale to another location a block away.
According to a report in fashion magazine Women's Wear Daily, the Chelsea store will close after next month's winter warehouse sale because the retailer's lease is expiring and the building's owner plans a complete overhaul once Barneys is gone — one that will take almost a year to complete.
The store canceled its Los Angeles Warehouse Sale last summer, replacing it with an online version, but kept the New York sale. The final warehouse sale at the Chelsea Co-Op store will kick off on Valentine's Day and run through Feb. 24.
The building's owner, Pine Association LLC., could not immediately be reached for comment.
At the same time, the retailer is reportedly seeking out a new space in downtown Manhattan to replace the store and build a new flagship store. Their current flagship, on Madison Avenue, is roughly 230,000 square feet.
A spokeswoman for Barneys did not immediately respond to requests for comment.