Nine West
Nine West is in debt for $1.5 billion, although it is working to restructure it. It has been sold parts of the company like Easy Spirit and filed for Chapter 11. It has ceased operations in all its stores except for 25 of these. On top of that, it plans to start focusing on jewelry lines and clothing since the demand for heels, ballet flats, and sandals has gone down.
Nine West
David’s Bridal
It appears like more brides prefer less formal weddings with more casual events and attires. David’s Bridal is suffering because of this. The company has taken out a loan of $520 million, which is due in 2019, on top of $270 million in unsecured notes, which is due in 2020. CEO Scott Key is probably refinancing the debts, so let us hope that all goes well for the company.
David’s Bridal
