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Wedding boom is on in the US as vendors scramble to keep up | iNFOnews | Thompson-Okanagan's News Source

Leanne Italie FILE - Mannequins in wedding gowns are seen in a window display on March 15, 2021, at a bridal store in Nogales, Ariz., that has been closed for nearly a year because of the pandemic. Couples in the U.S. are racing to the altar amid a vaccination-era wedding boom that has venues and other vendors in high demand. (AP Photo/Suman Naishadham, File) June 09, 2021 - 5:20 AM NEW YORK (AP) — Couples in the U.S. are racing to the altar in a vaccination-era...
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Source: infotel.ca

David's Bridal takes on $70M loan as it preps for the return of weddings

Dive Brief: With the closing of the loan, the wedding apparel retailer said in a press release that it had $63 million in unrestricted cash and no borrowings on its $125 million revolving credit facility.  Davids Bridal plans to use the loan to fund operations and for general corporate purposes. CEO Jim Marcum said in the release that the retailer is "executing well and accelerating its additional growth initiatives." Dive Insight: Few if any apparel categories were untouched by the pandemic. ...
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