David’s Bridal has filed for bankruptcy protection, the second time for the chain in the past five years.
The announcement Monday arrives days after the company, one of the largest sellers of wedding gowns and formal wear, said it could eliminate more than 9,200 jobs across the United States. Based in Conshohocken, Pennsylvania, the company has about 300 stores across dozens of states and employs more than 11,000 workers,
David’s Bridal is looking to sell the company, but its stores remain open and its fulfilling orders without delay. Its online platforms also remain available to help people with their wedding planning needs.
The company last filed for bankruptcy protection in 2018 but reemerged a year later. Monday's filing was made in New Jersey.
The WGA is set to meet with Hollywood's top studios to bargain again.
Chinese tech company Huawei reported a 2.2% year-over-year growth in its consumer business revenue.
Stocks opened lower on Friday after the latest inflation report came in hotter than expected.
Amazon is cutting some of its private label in-house brands in a bid to cut costs.
Lyft said it plans to end surge pricing.
Target is turning to Starbucks and adding them to curbside pickup in a bid to jolt sales.
Automaker Stellantis revealed plans to unveil another Fiat electric vehicle.
A new report showed that new car prices are starting to cool off.
Senior citizens who receive social security benefits could see a much smaller raise in 2024.
The U.S. natural gas market is showing no signs of slowing, thanks to the recent hot weather.
