Millennials have a brand new angle regarding weddings — and it's causation bridal bridesmaid dresses stores into a downward spiral
The credit-rating agency Moody's has downgraded David's Bridal as sales have fallen.
Moody's says the chain is full of a trend of casual, lower-priced wedding dresses that has created additional competition within the market.the favored wedding complete male monarch Angelo two-faced an analogous downside before filing for bankruptcy last year.
More brides need to decorate down on their day, and it's symptom ancient bridal prom dresses stores.
This week, the credit-rating agency Moody's downgraded David's Bridal, a 300-store chain that sells wedding and attender dresses, to negative from stable, citing falling traffic and same-store sales over the past 2 years.
"In our read, this can be a mirrored image of the extraordinary competition within the sector and casualization of each robes and bridesmaids dresses," Raya Sokolyanska, a Moody's analyst, wrote in an exceedingly note to wedding party dresses investors. BY https://www.ombreprom.com/ here now...welcome!