Nine West
Nine West is a shoe retailer that is looking to restructure the company by selling parts and applying for Chapter 11 bankruptcy. All of this happened because it has a $1.5 billion debt. It has let go of its Easy Spirit brand and closed all stores save for 25 of them. The brand is now shying away from shoes and now focuses on jewelry and clothing brands like Anne Klein, Kasper Group, and One Jeanswear Group.
Nine West
David’s Bridal
Who would have thought that fancy weddings and gowns would ever come to pass? These days, brides and grooms seem to prefer cheaper events and casual attire instead. This is bad news for David’s Bridal and other wedding gown shops. The brand has seen a rapid drop in sales. On top of this, they have a loan of $520 million that is due this year and unsecured notes worth $270 million due next year.
David’s Bridal