David’s Bridal.Photo: Justin Sullivan/Getty
David’s Bridal— the largest bridal retailer in the U.S. — filed for bankruptcy on Monday.
The news came just days after the company announced plans to lay off more than 9,000 employees.
David’s Bridal said that its stores and website will remain open and in operation during the financial restructuring process,according to a statement. The statement added that the company intends to fulfill “all customer orders without disruption or delay” and honor gift cards, store credits, returns and exchanges during this time.
Per the FAQ section on the company website,“Delivering every order on time remains our singular focus, and we plan to continue to do so at the highest levels throughout this process.” The alterations department remains open, as well. Brides with specific questions about their dresses can text HELLO to 38201, email customercare@dbi.com or call 1-844-400-3222.
Marcum added, “We are determined to stay focused on our future, because we believe we have an important role in ensuring that every bride, no matter her budget, can have her perfect dress.”
David’s Bridal has filed for bankruptcy.Spencer Platt/Getty
The wedding dress retailer, which filed for Chapter 11 bankruptcy protection, has $257 million in debt, according to court documents,per CBS.
If the retailer is not able to find a buyer, it could have to close all its stores and liquidate,according to CNN.
In a bankruptcy filing, David’s Bridal noted “shifting consumer preferences” as one of the factors for the decision. “An increasing number of brides are opting for less traditional wedding attire, including thrift wedding dresses,” the company said in a bankruptcy filing, per CNN.
Mama June Shannon wore a David’s Bridal gown for her big day earlier this year.Christine Salvador/WE tv
“The demand for formal wedding dresses, bridesmaid dresses, and related accessories has decreased substantially in the current environment,” the filing added.
According to anoticefiled to the Pennsylvania Department of Labor on Friday, the company is laying off 9,236 positions across the U.S. between April and August.
The Pennsylvania-based retailer employs more than 11,000 workers,according toThe Wall Street Journal.
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David’s Bridal, which has 294 stores in the U.S., Canada and the U.K., has previously been a popular pick with celebrities tying the knot.
Demi-Leigh Nel-Peterswalked down the aisle ina custom-made gownfrom David’s Bridal when she wed former NFL quarterback Tim Tebow in South Africa in January 2020.
Mama June Shannonalsoopted for a David’s Bridal wedding dress, wearing a lace a-lined gown from the retailer for her February nuptials. Nearly one year aftertying the knot at a Georgia courthouse, theMama June: Road to Redemptionstar, 43, and Justin Stroudcelebrated their unionin an “intimate” and “glamorous” ceremony in Panama City, Florida, on Feb. 18 of this year.
Meanwhile,Katie Maloneydressed her bridal party in David’s Bridal bridesmaids' dresses for her2016 weddingto herVanderpump RulescostarTom Schwartzin Northern California.
Her costarScheana Shayand former costarsStassi Schroeder,Kristen DouteandBrittany Cartwrightall acted as bridesmaids and donned silver V-neck halter gowns from the brand for the forest ceremony.
source: people.com
