Alfred Angelo Closing? UPDATED - THEY ARE CLOSED!

The reality is I thought they were most likely going out of business. Most in the industry agree that its past the 'if' stage and to the 'when' stage. Big businesses like this don't notify the employees or customers before they close down...that would cause even more losses. One day there are signs on the door and the business is done. And lots of people (employees and customers...not to mention the creditors that they owe millions to) get screwed immediately with little help to be found anywhere. Look at alfred angelo, although they had less retail stores than David's Bridal, they may have had more sales than them as a company. They were the largest manufacturer of dresses and were carried by thousands of independent stores across the world (not just the 60+ branded stores they had). If you google search Davids Bridal going bankrupt, they are listed on all the sites that post retail stores on life support. They have more debt than they will be able to service in 2019 and the only question right now is if they'll make it that far. Once the debt comes due, it's almost a 100% certainty that the company will be done. But it's also more probable than not that the bankruptcy will happen much sooner than that. The argument about them getting a new line or how big they are isn't a good argument if you look at the history of how these normally happen. Alfred Angelo had a brand new line of dresses that never even hit the stores but were made overseas already...those all made their first appearances at the liquidation auctions. I'm not trying to scare anyone here, but just trying to make sure that people understand that when a company gets to this point, it's definitely a roll of the dice if you are ordering something that you can't take home today. How much of a risk? That's hard to say, but I am extremely confident that the pain felt when alfred angelo closed 61 stores will be even greater when Davids Bridal closes 300+ stores…and when there are other great discount dress stores out there like Bridepower or Vows Bridal Outlet on the East Coast or Brilliant Bridal in the West (and plenty of others as well), I don’t think I would personally recommend any of my friends to take that risk! But that’s just me