Wednesday, May 31, 2017

Payless Plans Second Wave of Store Closures

Image result for payless shoe sourcePayless ShoeSource Inc. is preparing to launch a second round of store closings less than two months after the shoe retailer sought bankruptcy protection.

The country’s largest footwear chain is seeking court approval to trim its retail business by closing up to 408 stores if negotiations with landlords fail to result in rent concessions, according to court papers. The latest closings would bring the total number of recently closed Payless stores to nearly 800. Payless is already in the process of closing nearly 400 of its locations.. . . more

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