David’s Bridal warns it may close, laying off more than 9,000

DENVER (KDVR) — Wedding retail chain David’s Bridal said more than 9,000 layoffs are possible across the country as it looks at a potential sale or closure of the company, according to a notice filed in Colorado.

David’s Bridal outlined details and uncertainty about what lies ahead in a notice of layoffs sent to the Colorado Department of Labor and Employment on Friday. A notice has also been filed in Pennsylvania.

A partial liquidation of the business or a sale of assets are options David’s Bridal said are also being considered. “At this time, it is uncertain whether the company will cease operations entirely or whether the closure will be limited to certain locations,” the company said in the notice.

There are six David’s Bridal locations in Colorado. In the Denver area, the list includes stores in Westminster, downtown at Aurora and Park Meadows in Lone Tree. There is also a store at the Pavilion Shopping Center in Fort Collins.

The company did not specify the number of Colorado jobs that could be lost, but said all employees could be affected.

The notice listed positions that could be eliminated, ranging from 3,597 stylists to 13 vice presidents and the CEO.

The first phase of layoffs was targeted on Friday and affected company employees. Two more phases for corporate workers are expected to take place on 13-27. May and 12 June-Aug. 11, according to a schedule outlined in the letter.

Several potential layoffs or closures are expected to take place 12-26. June for employees in stores, and 12 June-Aug. 11 for workers at distribution centres.

The Philadelphia Inquirer reported Friday that company employees were invited to a virtual meeting Thursday and told that David’s Bridal is looking for a buyer, but that they may have to liquidate the company if one is not found. Axios reported Friday that sources said the company is preparing to file for bankruptcy.

David’s Bridal previously filed for bankruptcy in 2018.