David's Bridal faces uncertain future with bankruptcy and store closures.
TL;DR Summary
David's Bridal has filed for Chapter 11 bankruptcy protection and is seeking a buyer while weighing liquidation. The future of its newly opened store in Short Pump is uncertain. If a buyer isn't found, the company will be forced to close all its physical stores. The company plans to continue fulfilling customer orders and operating as normal during the bankruptcy proceedings. This is the second Chapter 11 filing for David's Bridal in five years, and the company has been struggling due to adverse macroeconomic trends and industry-specific headwinds, including the lasting impact of COVID-19 on the wedding industry.
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