David’s Bridal looks to sell company, stays mum about possible layoffs.

Wedding retailer David’s Bridal is eyeing a possible sale of the company but remains tight-lipped on possible layoffs despite reports stating otherwise. 

“We are evaluating our strategic options and a sale process is underway,” the company said in a statement to FOX Television Stations. “At this time, there are no updates to share, and all stores are open to serve customers. Providing excellent service remains our focus, and we are committed to serving and delivering for our brides and customers and being part of magical moments.”

But a sale could leave thousands of employees jobless. 

What Chapter 11 bankruptcy means

Filing for bankruptcy doesn’t always mean the end for an American business.

According to KDVR, the company hinted at layoffs in a notice to the Colorado Department of Labor and Employment. The news outlet said a similar notice was filed in Pennsylvania. 

RELATED: David’s Bridal files for bankruptcy

“At this time, it is uncertain whether the Company will be ceasing operations entirely or the closure will be limited to certain locations,” the company said in the notice as reported by KDVR. 

In 2018, David’s Bridal filed for bankruptcy protection.

Like many retailers, David’s Bridal has seen sales decline amid shifting consumer tastes and tough competition from e-commerce retailers. Traditional wedding vendors have been under pressure as millennials get married later in life or choose not to do so.

MY OPINION : Question for all the men out there , in todays climate why would a sane men get married ? Today getting married as a men , your just gambling your life away . On the hopes and dreams she will always and forever love you .Through the goods times and the bad times, hope is not a good strategy . It’s a fools strategy .Statistics show most divorces are initiated by the women .From 60% to 80% of the time .And it gets even worse with college educated women , it jumps up to 90% .So for all the men who are determined to get married at all costs .Your going to need a lot more than luck .Check out this fascinating and eye opening video on Divorce called : Divorce Corp.