For a luxury retailer, Barneys is proving quite cheap.
The department store chain, which was just sold off to a brand licensing company in bankruptcy, is being accused of short-changing employees and once-loyal customers as it winds down its remaining stores, sources told The Post.
Hundreds of staffers who were laid off at the company’s Fifth Avenue headquarters on Nov. 6 were stiffed on their unused vacation days and denied severance if they worked for the company for under two years, sources said.
“A lot of people didn’t take their vacation days because they were trying to save the company,” one former executive fumed to The Post. “It’s really abysmal how the employees were treated.”
The company’s meager severance policy was limited to one week’s pay for every two years of service, a formula that was capped at five weeks, former employees told The Post. Staffers who worked less than two years at the company got zilch, sources added.
Meanwhile, customers who failed to spot a tiny smattering of articles informing the public that Nov. 7 was the last day to redeem gift cards were shocked to learn over the weekend that the money on their cards was worthless.
“There was no information on Barneys’ website or on the telephone recording at Barneys’ flagship store about the gift cards,” one longtime customer griped to The Post.
“This is theft,” said the Manhattan resident, who lost $100 on her gift card.
Source: New York Post