David’s Bridal
These days, more and more brides opt to have more casual attires and cheaper events for their weddings. That’s why those in the wedding industry such as David’s Bridal are experiencing drops in their sales. According to CheatSheet, the company has a $520 million loan with is due in 2019 and a $270 million unsecured notes due in 2020. Scott Key, the company’s new CEO, might be doing some refinancing of their debts.
David’s Bridal
RetailDive says that the wedding dress superstore sees some market and operational challenges: sales, margins and earnings dropping. In addition, David’s Bridal’s credit rating was downgraded by S&P Global in June 2018. They may have to consider other ways of surviving like Bon-Ton.
Bon-Ton
This retailer has been around for 100 years! Just like how the saying goes, all good things must come to an end, but did they? Bon-Ton, a department store, and online retailer filed for bankruptcy last year. It was then sold and liquidated. However, in October 2018, it relaunched its site for e-commerce and announced its plans to reopen some of its stores.
Bon-Ton
USA Today reported: “The reinvented Bon-Ton would be sleeker, more e-commerce focused business.” Bon-Ton was first established in 1898, and its heyday was between the 1900s and 2000s. CheatSheet reports that they were very successful in the past because they were in small towns with very little competition. However, Amazon changed the market for them. Another company that could benefit from observing the customer’s preference for e-commerce is Tops Market.
