David’s Bridal To Sell Company- Does This Hurt New York Brides?
David's Bridal has filed for Chapter 11 bankruptcy protection. What does this mean for New York State locations and brides?
According to ABC 6, the news of the bankruptcy comes just days after the chain said it would be eliminating 9,236 positions across the United States. Currently, David's Bridal employs more than 11,000 workers nationwide.
David's Bridal said it is looking to sell the company, but in the meantime stores are open and fulfilling orders for brides without disruption or delay. The wedding superstore with a 70-year history claims to sell one in every three bridal gowns in the U.S.
According to David's Bridal, layoffs could begin as soon as this month. There is no word how many of those are in New York State. Also, there is no word on any plans if they are closing New York State locations. We will keep you updated as we learn more.
In New York State, David's Bridal has locations in the following cities: Albany, Buffalo, Elmira, Horseheads, Hamburg, Blasdell, Lake Grove, Long Island City, Manhattan, Massapequa, Middletown, Rochester, Syracuse, Westbury, and Yonkers.
Customers can continue submitting returns and exchanges, get alterations and use gift cards. It also says its Pearl platform and Diamond program remain accessible to use.
This is the second time that David's Bridal has filed for bankruptcy in the last five years.
Experts at CNN say that David’s Bridal has been hurt by a range of factors including: inflation, competition from online retailers, secondhand retailers and a shift in weddings:
A shift to more casual weddings has also made David’s Bridal’s elaborate dresses and gowns less appealing to some brides. David’s Bridal has also been hurt by changes in how women shop for wedding dresses."
You can read more online here from CNN.
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