Monday, February 13, 2017

Payless may close up to 1,000 stores

Image result for payless shoePayless 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

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