David's bridal bankruptcy: A bridge's worst nightmare?
David's Bridal bankruptcy a bride's worst nightmare?
The news of David's Bridal filing for bankruptcy for the second time in five years has set shock waves through the bridal industry with the announcement of a mass layoff of over 10 000 employees the majority of its Workforce Brides to be are understandably nervous about the future of the company and their own wedding plans the bankruptcy filing has raised questions about the future of the iconic retailer and its ability to fulfill customer orders and keep its 300 stores open David's Bridal has blamed its Financial struggles on changing Trends among consumers that favor less traditional simpler and less costly weddings while that may be true the underlying issue is that David's Bridal failed to keep up with changing Trends resulting in its inability to remain financially viable for brides to be the news of David's Bridal's bankruptcy is worrisome many of them had already planned to purchase their wedding dress from the iconic retailer and now they are left wondering what their options are fortunately there are still other options for brides to be to purchase a wedding dress there are many independent bridal stores online stores and even rental services that can provide a quality dress at and affordable price overall the news of David's Bridal's bankruptcy is a reminder of the importance of staying up to date with changing Trends and adapting to them unfortunately David's Bridal was unable to do so resulting in its second bankruptcy filing in five years for brides to be the news is a reminder that there are still many options available to purchase a quality wedding dress at an affordable price and that their wedding plans can still be a success the steady increase in bankruptcy filings over the past three months is a sign that the economic Fallout from the recession being felt by many households and businesses in particular individuals continue to struggle with overwhelming debt and businesses are feeling the impact of the prolonged economic downturn it is important for individuals and businesses to remember that filing for bankruptcy is not a sign of failure but a way to get a fresh start and protect their financial future if you or your business are considering bankruptcy it is important to the law offices of Omar Zambrano so we can help you determine the best course of action for your situation please contact the law offices of Omar Zambrano today for a free consultation by calling 626-338-5505