Remember Richard Perry? Many radio industry veterans do from his Perry Capital Corp. ownership of Radio & Records, sold to Nielsen in August 2006 and eventually closed in June 2009.
He’s in the news again, as Perry-owned retailer Barney’s New York on August 6 filed for Chapter 11 bankruptcy protection. CNBC reported that the move to debtor-in-possession status “makes the luxury department store the latest victim of the retail upheaval, as shoppers buy online and from brands directly.”
The National Retail Federation takes issue with this characterization of the state of retail. In the NRF’s eyes, retail business is growing — not shrinking.
It just depends on how you interpret growth.