Payless 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