In late July of this year Barneys department store filed for Chapter 11 bankruptcy. I read an article by the Wall Street Journal that discussed the details of the bankruptcy and the potential buyers of the remaining stores that will be left open. Barneys is a staple department store in the fashion world. This article sites many quotes including those from the company’s attorney Joshua Sussberg. There is no indication as to if this was an interview with Barneys attorney or if he gave those quotes to a different outlet. There were other outside sources where facts about designer sales came from and the sources where clear. There was also a lot of data shared about how department stores are sinking in 2019 and examples of other stores that have lost their hold. It was easy to find the other sources because they were shared in the article in green print and all I had to do was simply click on the green print and I would be taken to the direct source of the fact. I love when thinks are linked this way because it makes things easier for the reader to find more in-depth information about what the article is about and where the author’s mind was when the article was being written. It makes everything stream perfectly when the reader can go down a rabbit hole of information simply by clicking on the highlighted sources if they choose. I believe the article showed a clear path from start to finish of what the author’s purpose was- which was to inform about the bankruptcy status of Barneys. This article gave good information of the logistics as to why Barneys was filing for bankruptcy and was not a personal statement as to what the author believed about the business management of Barneys and what they should or should have done. A real look as to how the fashion market is changing based on facts about other big department stores was presented which is also important given Barneys is following in the footsteps of many other stores to close doors. I think this article gave a very well-informed view of where Barneys Bankruptcy status is at and what would happen if someone bough them out and what they plan to do currently with the remaining stores open. This article gave a good glance at what the future holds for Barneys. I do believe this article should have touched a bit more on what chapter 11 bankruptcy is and what it means for businesses. The general public is not familiar with the different chapters of bankruptcy’s and what the process typically looks like. The map of chapter 11 could be beneficial to a reader who is interested in the financial aspects. I would give this article an A- because there is a lot of good facts and sources to other articles that go in depth to certain topics touched. I do believe the quotes need to be explained where they came from and I do believe Chapter 11 bankruptcy could be addressed a little better since it is not in most people’s common knowledge but overall, I believe this author did a good job giving a brief of where Barneys as a company is.
