Nine West
CheatSheet said that Nine West has a $1.5 billion debt that it is now trying to negotiate and restructure. According to Bloomberg, it includes selling off parts of the company and filing for Chapter 11 bankruptcy protection. Aside from this, it has also sold Easy Spirit and closed all stores but 25 in an attempt to remain afloat. The Washington Post claims that the Nine West Holdings has plans to shift the focus from footwear to jewelry and clothing brands such as Anne Klein, Kasper Grouper, and One Jeanswear Group. It said that the company suffered from the declining demand for ballet flats, heels, and sandals.
Nine West
David’s Bridal
Brides seem to prefer casual getups and more economical options for their weddings. This is the reason David’s Bridal and other wedding industry players are having a hard time. CheatSheet said that it needs to pay off its $520 million loan in 2019 and then $270 million in unsecured notes in 2020. CEO Scott Key must be trying to refinance the debts. According to RetailDive, this wedding dress superstore is in trouble because of declining sales, margins, and earnings. On top of that, S&P Global decided to downgrade the credit rating of the company in June 2018.
David’s Bridal
