5/17/2023 0 Comments The simpsons wiki apocalypse cow![]() ![]() ![]() While weddings have since picked up again, the company highlighted that its business continued to suffer due to a change in consumer preferences for wedding apparel post-pandemic. While the company emerged from its first bankruptcy in 2019, it was then thrust into the pandemic, which saw events like weddings (and the demand for wedding apparel) come to an abrupt halt. This news came just a few days after the company announced it would lay off more than 9K employees. Wedding gown retailer David’s Bridal filed for bankruptcy (again) in April. The retailer announced it would close its stores while it tries to sell parts of the business. While it narrowly avoided bankruptcy in February thanks to a share sale, it was unable to uphold the terms of the agreement. Ultimately, it turned to store closures and layoffs. Alongside supply chain disruption, its e-commerce shortcomings left it ill-equipped to keep up with consumer demand for online shopping in recent years.įaced with declining revenue and a cumbersome debt load, the company tried to reduce costs by cutting back on trademark offerings like mailer coupons and name-brand inventory. While the company grew its physical footprint considerably in the aughts, it lagged behind competitors like Target, Amazon, and Walmart in building out its e-commerce presence. * Denotes a company’s second or third bankruptcy Companies that filed for bankruptcy in 2023 so far: Bed Bath & BeyondĪfter teetering on the edge of bankruptcy for months, Bed Bath & Beyond filed for Chapter 11 bankruptcy protection in April. Companies that filed for bankruptcy in 2015.Companies that filed for bankruptcy in 2016.Companies that filed for bankruptcy in 2017.Companies that filed for bankruptcy in 2018.Companies that filed for bankruptcy in 2019. ![]()
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