{"id":1916159,"date":"2023-04-18T09:25:50","date_gmt":"2023-04-18T13:25:50","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/davids-bridal-largest-wedding-gown-retailer-in-u-s-files-for-bankruptcy-after-laying-off-9000-employees\/"},"modified":"2023-04-18T09:26:53","modified_gmt":"2023-04-18T13:26:53","slug":"davids-bridal-largest-wedding-gown-retailer-in-u-s-files-for-bankruptcy-after-laying-off-9000-employees","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/davids-bridal-largest-wedding-gown-retailer-in-u-s-files-for-bankruptcy-after-laying-off-9000-employees\/","title":{"rendered":"David\u2019s Bridal, Largest Wedding Gown Retailer In U.S., Files For Bankruptcy After Laying Off 9,000 Employees"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fdavids-bridal-largest-wedding-gown-retailer-in-u-s-files-for-bankruptcy-after-laying-off-9000-employees%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1916159&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<p><span style=\"font-weight: 400\">Wedding gown and formalwear <\/span><a href=\"https:\/\/www.dailywire.com\/topic\/business\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">retailer<\/span><\/a><span style=\"font-weight: 400\"> David\u2019s Bridal has filed for Chapter 11 bankruptcy protection just after laying off more than 9,000 employees.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Pennsylvania-based company said in a <\/span><a href=\"https:\/\/www.prnewswire.com\/news-releases\/davids-bridal-to-continue-marketing-and-sale-process-under-chapter-11-protection-as-stores-remain-open-and-orders-are-fulfilled-301798541.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">press release<\/span><\/a><span style=\"font-weight: 400\"> Monday that the company, including retail store locations, would remain open and operations would continue as normal while it seeks a buyer for the business.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CEO James Marcum attributed the decision to uncertain <\/span><a href=\"https:\/\/www.dailywire.com\/topic\/economy\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">economic conditions<\/span><\/a><span style=\"font-weight: 400\"> driven by changing retail behavior resulting in poor sales performance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">To meet the demands of the wives of today and tomorrow, Marcum said,&#8221; Over the past few years, we have made significant progress in our transition.&#8221; &#8221; We have successfully modernized our customer interaction and advertising procedures, and we have raised the bar for financial support amounts.&#8221; However, the post-COVID culture and ambiguous economic conditions continue to present challenges for our company, which is why we are taking this action to find a buyer who can help us grow in the future.<\/span><\/p>\n<p><span style=\"font-weight: 400\">We believe we play a crucial role in making sure that every wife, regardless of her funding, you have her ideal robe, so he continued,&#8221; We are determined to stay fixated on our future.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The business is appreciative of&#8221; seven years of brides and clients who have trusted us with the most distinct events of their life, as well as to the devoted associates, valued partners, and dreams that make our customers&#8217; dreams come true ,&#8221; according to Marum.<\/span><\/p>\n<p><span style=\"font-weight: 400\">David&#8217;s&#8217;s Bridal began as a large bridal shop in Fort Lauderdale in 1950. Presently, it has 298 locations in 49 says, Canada, and the UK. The chain eventually gained a reputation for offering reasonably priced off-the-rack wedding gowns, some of which were being sold for as little as$ 199. According to the company, David&#8217;s&#8217;s Bridal dresses are worn by about 25 % of American wives at weddings.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Over the years, the company changed equity several times, and in 2018 it originally filed for Chapter 11 bankruptcy. This most recent dismissal follows the announcement that 9, 236 out of 11, 000 workers would be fired this year.<\/span><\/p>\n<p><b data-stringify-type=\"bold\"><a class=\"c-link c-link--focus-visible\" href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/onelink.to\/dwapp\" data-sk=\"tooltip_parent\" aria-describedby=\"sk-tooltip-47329\">TO GET THE Every Cable APP, CLICK HERE.<\/a><\/b><\/p>\n<p><span style=\"font-weight: 400\">According to a Yahoo Finance <\/span><a href=\"https:\/\/finance.yahoo.com\/news\/davids-bridal-files-bankruptcy-seeking-162113362.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">report<\/span><\/a><span style=\"font-weight: 400\">, fewer weddings could also be to blame for the business slowdown. The outlet reported there were only 1.7 million <\/span><a href=\"https:\/\/www.dailywire.com\/topic\/marriage\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">marriage ceremonies<\/span><\/a><span style=\"font-weight: 400\"> in the U.S. in 2020, the lowest level in 121 years, after several years of more than 2 million marriages annually. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Although it has grown since 2020, it still falls short of the pre-pandemic standard of 2.2 million relationships per year.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wedding gown and formalwear retailer David\u2019s Bridal has filed for Chapter 11 bankruptcy protection just after laying off more than 9,000 employees. The Pennsylvania-based company said in a press release Monday that the company, including retail store locations, would remain open and operations would continue as normal while it seeks a buyer for the business.<\/p>\n","protected":false},"author":345,"featured_media":1916160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[19911,7740,24572,24570,5183,5665,9467,4818,10234,24571,7238,10640],"class_list":["post-1916159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-19911","tag-bankruptcy","tag-bridal","tag-davids","tag-employees","tag-files","tag-gown","tag-largest","tag-laying","tag-retailer","tag-u-s","tag-wedding"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1916159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/345"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1916159"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1916159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1916160"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1916159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1916159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1916159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}