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Update: Barneys, Global Symbol of Creative Cool, Files for BK

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Re: Barneys the latest dinosaur of retail sector to explore bankruptcy


@tacpoly wrote:

@CWA1984 wrote:

@tacpoly wrote:

@Janus wrote:


This is somehting I just don't get, and probably never will. I just can't see paying extra for a name, T-shirts are t-shirts. A 5PK of Hanes for $15 means $285 in my pocket. Even if I ever had the income Zuckerberg does, or any Millionaire, I can't ever see myself paying that much on one item of clothing. Especially not casual wear! I have spent a decent amount on Dressy threads though, like a 3 piece. 

 

I too have noticed that people don't dress up like they used to. Kind of a shame really, in nice places you get someone wearing sweats/pj's.


Hmmm...I've seen people as they became millionaires (dot.com boom and IPOs) and pretty much everyone upped the level of their spending by amount and quality/luxury.  I know only 3 people who didn't.  

 

While they may look similar, the quality of material and construction of a Brunello Cucinelli t-shirt is well above that of a Hanes; this isn't just a matter of slapping on a designer name.  And while you question the wisdom of spending that much money on a t-shirt, it may turn out to be a better bargain than your "dressy threads" if you calculate cost per wear.  


You will never get $300 of value out of a tshirt unless you are the designer selling that tshirt.  Fast fashion is one of if not the biggest wastes of money on the planet.  A simple tare on the shirt getting caught on something or just eating spagetti for example and getting sauce spill on the shirt will stain it permanently or getting cut and bleeding on it will as well.  I'm not saying everyone should be extremely frugal but a tshirt regardless of label is still just a tshirt at the end of the day.   


Brunello Cuccinelli is very far from fast fashion.  While you may think $300 is a ridiculous amount of money to spend on a t-shirt, maybe if you have Zuckerberg’s stash it wouldn’t be. And maybe Zuckerberg likes the softness and weight of the cloth and the custom fit. Just because you don’t put any value in Cuccinelli shirts doesn’t mean they don’t have any. 


No even with Zuckerberg's stash I would still view it as a giant waste of money.  I'm really frugal in that regard and would probably have a lifestyle similar to Sam Walton if I ever had billions.  I know I'm the anomaly in this situation and a lot of people would go out and buy ferarris, mansions, yachts, etc if they have the money and honestly I'd wish them the best.  However I literally can not imagine a scenario outside of what is currently science fiction where spending $300 for a tshirt would make sense.  If it was made out of a material stronger then kevalr that could stop knife attacks and small rounds then I could see paying $300 for the Tshirt because something like that would make sense for Zuckerberg and be about the cost of a basic kevlar vest.    

Message 21 of 24
Frequent Contributor

Re: Barneys the latest dinosaur of retail sector to explore bankruptcy


@CWA1984 wrote:


No even with Zuckerberg's stash I would still view it as a giant waste of money.  I'm really frugal in that regard and would probably have a lifestyle similar to Sam Walton if I ever had billions.  I know I'm the anomaly in this situation and a lot of people would go out and buy ferarris, mansions, yachts, etc if they have the money and honestly I'd wish them the best.  However I literally can not imagine a scenario outside of what is currently science fiction where spending $300 for a tshirt would make sense.  If it was made out of a material stronger then kevalr that could stop knife attacks and small rounds then I could see paying $300 for the Tshirt because something like that would make sense for Zuckerberg and be about the cost of a basic kevlar vest.    


Well, maybe you will be that rare person who wouldn't spend his money.  But like I've said before, I've seen people become millionaires in front of my eyes and with the exception of 2 people, everyone upped their spend -- even the ones that were shocked (shocked!) at another co-worker's expensive items (and I heard from them exactly what you've written  Smiley LOL).  Co-workers would go to lunch and come back with a new expensive car.  

 

Money is a drug; it goes to your head and eventually changes your perception.  Look at Sam Walton's kids -- where did they learn to spend and live like that; presumably not from their famously frugal father.  

Message 22 of 24
Moderator

Re: Update: Barneys, Global Symbol of Creative Cool, Files for BK

Barneys NY, the department store chain that once defined a certain Manhattan creative cool, confirmed weeks of speculation by announcing at midnight on Monday that it was seeking bankruptcy protection in order to restructure its business and pursue a sale.

 

https://www.nytimes.com/2019/08/06/business/barneys-new-york-bankruptcy.html

"If there's a lack of money in your life, understand that feeling worried, envious, jealous, disappointed, discouraged, doubtful or fearful about money can never bring more money to you, because those feelings come from a lack of gratitude for the money you have."

"Reactions are powerful creators because they contain every element needed to manifest—they're a combination of thought, belief, and feeling in action. Positive reactions create more positive things, and negative reactions create more negative things. If you can respond to negative situations calmly and lightly, instead of with emotional turbulence, what happens next in your life will be so much better."

- Rhonda Byrne

Message 23 of 24
Moderator

Barney's files for BK

Offically happened..  Not persay CIN, but people with said CC could be losing it soon..  This one will fall alot quicker than the dieing sears/jcpenny imo..

 

https://www.marketwatch.com/story/as-barneys-files-for-bankruptcy-here-are-the-best-ways-to-find-a-d...

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Message 24 of 24
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