Results tagged “barneys”

• Use a Queens manufacturer as an example: The NY Times reports that Crystal Window & Door System of Flushing benefited from the federal stimulus bill's "tax credit for homeowners who install energy-saving windows and doors. Last year, Crystal began improving the energy efficiency of its products, a shift that has been more effective than it could have hoped...A day after the president signed the bill, Crystal began getting calls for its products that met the standards to qualify for the tax credit." Which avoided layoffs and further reductions.
• Defend the pace of stimulus spending: Biden said, "There's been some criticism that we've not gotten enough money out so far. Well look, since I'm the guy who was put in charge of it, I want to make sure in the first 100 days we do it right...The one thing that could undermine this whole effort is if you'd read stories in the last 100 days about how this money is being wasted in the tens of billions of dollars." He did promise that spending on roads and bridges would speed up in the coming months.
• Have a bit of a gaffe: On Monday night, Biden referred to Governor Paterson as NY's "once and future" governor, which was taken as an endorsement. Biden later said, "It was a statement of friendship and admiration for the governor, and was not intended as a political statement."

Even Dubai is having money issues! Bloomberg News reports that the Dubai-based Istithmar World PSJC "may sell the luxury retailer for less than half what it paid two years ago as the state-owned fund seeks to raise cash to meet debt payments." Istithmar paid $942.3 million for the retail store in 2007, but sources say bids seem to be in the $350 million to $600 million range. An analyst points out, "It’s a buyers’ market. The fact that luxury-goods stocks have fallen more than 30 percent in the past year is also going to weigh on expectations.” Right—especially since some customers can't get credit! Related: The Barneys Warehouse Sale starts tomorrow.

Abraham Lincoln is so totally "in" these days, so some teenagers attending Abraham Lincoln High School teamed up with the with New York Historical Society to pay homage to the 16th President inside of Barneys Madison Avenue windows. A full set of the display can be seen here, where it's noted the kid's "original portraits may be purchased for $100 each," and are going fast (though none of them seem to include the famous stovepipe hat!).

        

Early this morning Barneys New York unveiled its 2008 Holiday Windows, which are being called: "Peace & Love: Have a Hippie Holiday". The theme was chosen in honor of the peace sign's 50th anniversary, and style guru/creative director Simon Doonan is the man behind the 60's holiday vibe (which incidentally leaves out any political references).

Aside from the concerts, there isn't much reason to go to the Southstreet Seaport unless you're 14 and need to hit Abercrombie & Fitch. The NY Sun reports that General Growth Properties, the developer who owns the rights to the area (the Seaport and Fulton Fish Market), is on a mission to turn that all around; but is their mission misguided? With a commercial and residential project that promises a floating pool and a community center...it also looks to bring in more stores! The big retail names are mostly big bucks shops: Harrods, Harvey Nichols and Barneys New York. Though Target is also rumored to be interested.