Editor's note: As we move through the holiday season, we'll be sharing some of our favorite stories this year from our founder Marc Chaikin...

Editor's note: As we move through the holiday season, we'll be sharing some of our favorite stories this year from our founder Marc Chaikin... Today's essay kicks off this series for the days ahead. It was published in the January 3 edition of the Chaikin PowerFeed. And in it, Marc shares a story that helps underscore the importance of adapting to a changing world... If You Don't Keep Up, This Happens By Marc Chaikin, founder, Chaikin Analytics On the window sign of an iconic luxury-retail store on Madison Avenue, the message was loud and clear... "EVERYTHING MUST BE SOLD! GOODBUYS, THEN GOODBYE!" For decades, Barneys New York had been the premier fashion store in the city. The company's Madison Avenue headquarters boasted nine floors and about 275,000 square feet of retail space. Barneys started out as a men's discount clothing store in Manhattan in 1923. Over the following decades, it transformed and grew into a luxury-retail powerhouse. By the 1980s, the company had developed a reputation for introducing the best global luxury brands to an increasingly wealthy American consumer market. Its flagship New York store featured wall-to-wall designer labels – from Giorgio Armani to Balenciaga. If it was expensive, Barneys had it. In short, it was a traditional luxury shopper's paradise. The store was even prominently featured in the hit TV series Sex and the City. Its fashionista lead character, Carrie Bradshaw (played by Sarah Jessica Parker), considered Barneys one of her favorite places to shop. But on February 23, 2020, Barneys New York closed... And so did the company's two other stores in New York, along with those in San Francisco and Beverly Hills, California. All branches closed, all on the same day. Fashion-industry figures called it the end of an era. But it was ultimately a failure to adapt to changing times... Recommended Links: Sell Your Stocks by January 1? In 2020, Marc Chaikin called the end of the longest bull market in history, weeks before stocks crashed more than 30%. Two years later, he sounded the alarm again, 90 days before stocks plummeted 20%. Now, he's calling for the next great bear market in 2026. Today, he'll tell you exactly how to prepare... including exactly when to SELL your stocks for the highest potential gains and the lowest possible losses. By tomorrow, learn more here. How to Put Legally Mandated Income 'Under the Tree' A regular guy from upstate New York recently came forward with his unique story of how he retired early at 52 thanks to ONE single idea that anyone can use. He sees 18%-plus annual returns that are legally protected. And he never has to worry about a market crash – no matter what happens with AI... government chaos... or anything else. He explains everything from his own living room right here. When Barneys opened its gigantic store on Madison Avenue in 1993, it set the bar for luxury shopping in New York. But that came at a price – in the form of costly rent. You see, Barneys didn't own the property it did business on. Most of the company's money was tied up in expensive goods kept in inventory. Barneys sold those goods at huge markups to store customers. The company's annual revenue reached nearly $1 billion at its height. One-third of that figure came from Madison Avenue alone. This allowed Barneys to make good on millions of dollars of rent – including $16 million a year just for the Madison Avenue store. The business model worked... as long as people kept going into the stores to buy goods. But then the Internet came along – and took off. It gave rise to e-commerce and a strategy called direct to consumer ("DTC"). Brand manufacturers could now use the Internet to sell products directly to their customers. This allowed them to cut out the middlemen – typically, owners of retail establishments. It didn't take long for consumers to realize they could buy luxury goods – the same ones found on Barneys' store shelves – from authorized online retailers. These online retailers often displayed more designs and models than what physical stores like Barneys could keep in stock. And of course, customers could shop right from home. Foot traffic to Barneys declined. And then, the landlord doubled the rent at the flagship Madison Avenue store. It was too much for Barneys to bear. In mid-2019, the company filed for bankruptcy. And the Madison Avenue location wound down... until shuttering in February 2020. Barneys became a cautionary tale in the $1.8 trillion global fashion industry. Even a nearly century-old business institution could end up in the trash bin of history if it failed to adapt to changing times. Of course, the fashion industry didn't go anywhere. It's still a big business. Folks, my point with this story is simple... The world around us is always changing. It was true when the iconic Barneys closed in 2020. And it'll continue to be true in 2026. The investment decisions we make throughout the year will determine whether we keep up with the changes. Good investing, Marc Chaikin   Editor's note: As part of this special series here at the Chaikin PowerFeed, this edition does not include the usual data from the Power Gauge below. Power Gauge users can still log on to the Chaikin Analytics platform to access our system's most recent data.  Look forward to our usual PowerFeed format returning on Monday, January 5.  You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at ignoble.experiment@arconati.us. 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All employees of Chaikin Analytics, LLC (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.