Conshohocken, Pennsylvania-based David’s Bridal, a clothing retailer specializing in wedding dresses, prom gowns, and other formal wear, has announced that the company has begun a "sale process" and is parting with the vast majority of its workforce.
The closure of David's Bridal will impact more than 9,000 employees if the company cannot find additional capital or a buyer. Layoffs are said to be underway.
According to a company spokesperson, “We are evaluating our strategic options, and a sale process is underway. At this time, there are no updates to share. As ever, providing excellent service remains our focus, and we are committed to serving and delivering for our brides and customers and being part of magical moments."
It is possible that the company will file for bankruptcy, its second within five years.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?