Nine West
Nine West wants to restructure its debts by selling off parts of the company and applying for Chapter 11 bankruptcy. This all happened thanks to its $1.5 billion debt. The shoe retailer decided to let go of its Easy Spirit brand and closed all stores but 25. The brand is also planning to focus more on jewelry and clothing brands such as Anne Klein, One Jeanswear Group, and Kasper Grouper.
Nine West
David’s Bridal
It looks like fancy gowns and expensive wedding ceremonies are no longer common these days. More brides are opting for cheaper weddings and more casual dresses. This is not good for wedding gown retailers like David’s Bridal. This brand is suffering a rapid sales decline. On top of this, they have a loan of $520 million, as well as unsecured notes worth $270 million, due in 2020.
David’s Bridal
