Wednesday, March 22, 2017

Payless reportedly eyes bankruptcy filing, up to 500 store closings

Image result for payless storeDiscount footwear chain Payless ShoeSource reportedly may seek bankruptcy court protection and close as many as 500 stores as the Kansas-based company joins other retailers struggling with a consumer shift to online shopping.

Payless initially plans to shut down 400 to 500 stores as part of its latest reorganization plan, fewer than the as many as 1,000 locations eyed earlier, Bloomberg News reported, citing unidentified people familiar with the issue.. . . more

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