As the impact of the global recession weighs in on wealthy Americans, high-end retailer Barneys New York, owned by Dubai's Istithmar World Capital, aims to close two of its seven department stores, said a report.

The 85,000 square-foot store at the Shoppes at the Palazzo in Las Vegas is one of the stores that the luxury retailer is trying to close, the Wall Street Journal said, citing people familiar with the matter.

The location of the other store could not be immediately determined, the paper said.

Barneys had expected to generate $6 million a month in sales at the Las Vegas store, but the company has managed to earn only a quarter of that since last autumn, a person familiar with the issue told the paper.

The luxury retailer has stores in New York, Beverly Hills, Chicago, Boston, Dallas, San Francisco and Las Vegas.-Reuters