For the second time in four-plus years, David’s Bridal has filed for Chapter 11 bankruptcy court protection, while planning to lay off more than 9,000 employees at stores and distribution centers nationwide and seeking a buyer for the distressed business. Stores will remain open, online and marketplace sales will continue, and loyalty points, gift cards, returns and exchanges will all be honored.
Boxed, the once high-flying online warehouse club that set out to be the ecommerce equivalent of brick-and-click competitors like Costco, Sam’s Club and BJ’s, is now exploring strategic alternatives, which euphemistically means looking for a buyer. And Amazon acknowledged an expansion of its corporate layoffs from 10,000 to 18,000.
Barnes & Noble is cutting staff, including cashiers, digital leads and others. The staff cuts came after a dismal 2017 holiday season. See what these numbers reveal and how they ran counter to the holiday season in the retail industry.