Barney's Madison Ave Negotiation Notes 6/10/2008

Thank you to union committee member Steve Blecher for preparing this update:

NEGOTIATION NOTES June 10, 2008

The committee met at 10:00 today to discuss our strategies for the day. At 12:52 we called the Company in to give them our updated proposals.

UNION PROPOSALS:

RETURNS - We withdrew our proposal of changing time for forfeiture returns

AVERAGE RATE OF PAY FOR NEW HIRES- Withdrew proposal for time and a half

SICK PAY CAP - Agreed to $230 in 2nd year and $235 in 3rd year on Feb 1 of each year

SELLING WAGE INCREASE - $.50 in 1st year

SELLING COMMISSION RAISE - .125% in 1st year as of July 1

SELLING BONUS INCREASE - .125% to Bonus pool

NON SELLING WAGE INCREASE - $.65 in 1st year, $.60 in 2nd year, $.60 in 3rd year

HEALTH CONTRIBUTUION - $12.50 per week on average with a tier system (single, single +1 and family)

MINIMUM HIRING RATES- Category 2 - $9.50, Category 3 $10.50 Accepted, Category 4 $17.00 Accepted and Personal Shopper Asst modified to $12

At 1:07 the Company took a caucus and returned at 1:32. At this time the Company expressed their confusion over their perception of these new proposals being worth more than the union’s previous one.

COMPANY RESPONSES:

NO COMMISSION INCREASES

NO INCREASE TO THE BONUS POOL

NO COUNTER PROPOSAL TO WAGE PROPOSALS

ACKNOWLEDGE THERE IS A LITTLE BIT OF ROOM FOR A SELLING WAGE INCREASE TO BE REFERRED TO AS AN OFFSET TO THE HEALTH CONTRIBUTUION

SICK PAY CAP - Accepted

NON SELLING MINIMUM - Category 2 and Personal Shopper Asst Accepted

At 1:46 the Company took a caucus and returned at 2:00. The Company restated their position that the employee health contribution should be an average of $22 per week as the total amount deducted.

The committee members then went around the table to air our displeasure with the Company’s “give back” proposal.

The meeting ended at 2:51 with the next meeting scheduled for Wednesday June 18.

These notes were prepared by Steve Blecher and this is not an official NY/NY Joint board document.