Barneys CEO unveils renovation plans

New York City -- Barneys New York CEO Mark Lee said Monday that he has plans to launch a renovation program for existing stores as well as an overhaul to the retailer’s website.



According to a report by the Wall Street Journal, Lee said at a Monday morning breakfast that changes will be substantial, as the retailer has the largest renovation budget for existing stores that Barneys has seen in at least seven years.



Website changes include a Monday launch of a micro-site on Barneys.com called "The Window" which will be updated daily and feature postings about the history and inspiration of Barneys windows, in addition to editorial content about the company's history and heritage.



Lee took over from Howard Socol, who resigned in 2008.



Barneys recently announced that it was closing stores in Houston, White Plains, N.Y. and in Troy, Mich.