Payless Inc. is
in talks with its lenders over a restructuring plan that includes
closing about 1,000 stores as it wrestles with an unsustainable debt
load, according to people with knowledge of the matter.
The discount shoe retailer may consider filing for
bankruptcy if it's unable to reach a deal with the creditors, said the
people, who asked not to be identified because the information isn't
public.. . . more