These Big Stores Are About To Shut Down This Year And Here’s Why

Published on 07/06/2021
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Bebe

When Neda Mashouf, the creative director and wife of founder Manny Mashouf, left the company, Bebe’s sales began to decline. The logo was created in 1979. The company had to deal with a slew of issues as shopping malls faded away. Bebe had a $4.6 million operating loss last year. In addition, it paid $65 million to close retail stores and concentrate on e-commerce.

Bebe

Bebe

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David’s Bridal

Fancy gowns and expensive wedding ceremonies appear to be a thing of the past. Instead, a growing number of brides are opting for less expensive weddings and more casual attire. Unfortunately for wedding gown retailers like David’s Bridal, this is bad news. This brand’s sales are rapidly declining. They also have a $520 million loan and $270 million in unsecured notes that are due in 2020.

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David’s Bridal

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