David’s Bridal laying off over 9,000 workers
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David’s Bridal, one of largest sellers of wedding gowns in the United States, is laying off thousands of workers nationwide, according to a notice filed to the Pennsylvania Department of Labor. David’s Bridal laying off
The notice said the retailer is eliminating 9,236 positions across the United States. The layoffs are starting from April 14 and end at August 11. It will affect 15 stores in nine counties in the state. The Worker Adjustment and Retraining Notifications did not specify when the layoffs would begin. How many stores will get affected in other states?
The Conshohocken Pennsylvania-based retailer employs more than 11000 workers. According to the Wall Street Journal.
David’s Bridal told CNN Business that the company is “evaluating our strategic options and a sale process is underway.” It also said all of its stores currently remain open.
“The scale of these layoffs suggest that David’s Bridal is in crisis mode,” said Neil Saunders, managing director at Global Data Retail. “It indicates there is massive restructuring going on behind these scenes with a view to conserve cash as the company prepares for either bankruptcy or a sale.”
Saunders said he expects the company to close stores as part of its plan.
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David’s Bridal offers a wide variety of wedding dresses. It’s ranging from traditional ball gowns to modern, sleek designs. They also offer a range of sizes from petite to plus-size. To ensure that every bride can find the perfect dress for her special day. Additionally, David’s Bridal offers alteration services to ensure that each dress fits perfectly. This is company for dress material. they provide cloths for both boy and girl for wedding. the dress are very expensive.
