Nine West
Nine West, a shoe store is looking to rebuild its structure by filing for bankruptcy and selling bits of the company. This is primarily due to a $1.5 billion debt. The brand has moved away from shoes and is concentrating on apparel, jewelry brands like Kasper Grouper, Anne Klein, and One Jeanswear Group. They decided to close all but 35 stores and are concentrating more on apparel, jewelry brands like Kasper Grouper, Anne Klein, and One Jeanswear Group.
Nine West
David’s Bridal
With a wider range of wedding boutiques opening at cheaper prices, that offer inexpensive wedding gowns of all trends, expensive weddings and fancy gowns are now outdated. The majority of modern brides are looking for casual designs and cheaper options which spells bad news for the likes of David’s Bridal gown shop. The company is facing a rapid sales decline, with $520 million in loans due in 2020 and $270 million in unsecured debt due by 2020.
David’s Bridal
