David’s Bridal , Files for Bankruptcy Again.<br />NPR reports that on April 17, the wedding retailer announced it is filing for bankruptcy.<br />This is the second time in five years <br />that the company has done so.<br />David's Bridal also plans <br />to lay off 9,326 workers.<br />NPR reports that the company <br />became riddled with debt when it was purchased by a private equity firm in 2012.<br />David's Bridal tried to restructure that debt <br />when it filed for bankruptcy in 2018, but when the pandemic hit, less customers visited stores.<br />We have successfully modernized <br />our marketing and customer interaction processes and driven our retail <br />service levels to best in class, James Marcum, David's Bridal CEO, via statement.<br />Nonetheless, our business continues to be challenged by the post-COVID environment and uncertain economic conditions, leading us to take this step to identify a buyer who can continue to operate our business going forward, James Marcum, David's Bridal CEO, via statement.<br />David's Bridal says customers can still <br />place orders online and in stores.<br />Their rewards program, gift cards and other policies will continue to be honored
