Thursday, August 10, 2017

In tough retail landscape, Payless emerges as rare bankruptcy survivor

Image result for payless shoesourcePayless ShoeSource is set to emerge from bankruptcy as soon as Wednesday, one of the largest retail chains to do so, and is banking on a strategy focused primarily on bricks-and-mortar sales at a time when e-commerce is casting an ever-growing footprint on retail sales.

Payless' emergence essentially gives the company a do-over after disposing of half of $847 million of debt it had built up under its private-equity ownership.. . . more

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