An updated WARN notice has been lodged by David’s Bridal advising of seven store closures in Tennessee.
Despite selling one out of every three wedding dresses in the United States and a booming wedding industry, bridal retailer David's Bridal filed for bankruptcy in April.
Today a WARN (Worker Adjustment and Retraining Notification) letter was filed with the State of Tennessee Department of Labor and Workforce Development advising of the “permanent closure to take place on or around June 12, 2023, through August 11, 2023,” which will affect seven stores in Tennessee.
The letter also states, “the total number of affected workers in Tennessee is 206.”
David's has operated for over 72 years but has struggled to compete with online retailers. Despite last year being a big year for weddings in the United States, "nearly 2.5 million weddings were held — the most in four decades," people have been cutting back on costs as inflation hits.
David's Bridal stores in Tennessee
The seven stores listed on the WARN notice were:
- 1728 Galleria Boulevard, Suite 101, Franklin, TN 37607
- 2765 Wolf Creek Parkway, Suite 101, Memphis, TN 38133
- 7900 Kingston Pike, Knoxville, TN 37919
- 321 Gallatin Pike, North, Madison, TN 37115
- 1820 Gunbarrel Road Ste., 400, Chattanooga, TN 37421
- 3135 Peoples Street Ste., 100, Johnson City, TN 37604
- 2615 Medical Center Pkwy, Ste. 450, Murfreesboro, TN 37129.
Retail apocalypse
Across the nation, retail stores are closing, and there are predictions over 50,000 will close by 2028.
Over the last two months, Bed Bath & Beyond, Party City, and Tuesday Morning have filed for bankruptcy, while major chains such as Walmart and Target are closing stores.
Your thoughts
Will David's Bridal store closure and staff layoffs affect you? Do you believe the government should offer these businesses more financial support? Are you concerned about those people who will lose their jobs? Do you fear we could be heading toward a recession?
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