Yea bc they stopped airing their catchy commercials man
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David's Bridal to file for bankruptcyDavid's Bridal said it plans to for bankruptcy in the 'near future' as it grapples with a heavy debt load amid shifting consumer tastes in the wedding industry. LMAO! Who in their right mind would think opening a chain wedding store would be a viable business? 'See ya!' Well people will keep spending too much on weddings, so no big loss. I hope the employees find equivalent or better work.
Source: CNBC - 🏆 12. / 72 Read more »
David's Bridal files for Chapter 11 bankruptcy protection, aims to stay in businessDavid's Bridal, the nation's largest wedding retailer, filed for Chapter 11 bankruptcy protection Monday with plans to stay in business. 😪 I hope you told brides to get their gowns or money back before they close the bridal shops “ unexpectedly “ Weddings are a major waste, invest your money in a nice home or pay off your student loans.
Source: USATODAY - 🏆 100. / 63 Read more »
David's Bridal files for bankruptcy after falling victim to debt and competitionWedding gown emporium David's Bridal has filed for chapter 11 bankruptcy protection. The company was acquired by private-equity firm Clayton Dubilier & Rice LLC in 2012 for $1.05 billion, and has since come under debt pressure. Last week, the company announced a restructuring deal with lenders that will cut $400 million in debt. The company's Chief Executive Scott Key posted a short clip and message on the company's website last week announcing the restructuring and assuring customers that all 300-plus stores will remain open for business, with orders and alterations continuing "as promised." GlobalData Retail says competition in addition to crushing debt contributed to David's Bridal's problems. "Retailers like Anomalie offer a much more modern and exciting service, which allows brides to create bespoke gowns; while online players such as Floravere provide a relatively cost-effective way of buying designer dresses," GlobalData Managing Director Neil Saunders wrote in a note published Thursday. "Meanwhile, some generalist players, like Anthropologie which has launched its own bridal brand BHLDN, have become more focused on the wedding market as a way of driving incremental sales growth." Anthropologie is an Urban Outfitters Inc. brand. By contrast, GlobalData says David's Bridal looks "stuffy and old-fashioned."
Source: MarketWatch - 🏆 3. / 97 Read more »