Payless ShoeSource news and archive

Payless ShoeSource enters bankruptcy for the second time

New York – The US-based affordable footwear chain filed for bankruptcy protection on Monday. The previous day Payless ShoeSource had started the shutting down of its 2,500 U.S. stores. About 400 more will be closed across Canada, according to the Chapter 11 filing. The liquidation will not impact its franchised or Latin American stores, where it...

loading...

Management

Payless ShoeSource enters bankruptcy for the second time

New York – The US-based affordable footwear chain filed for bankruptcy protection on Monday. The previous day Payless ShoeSource had started the shutting down of its 2,500 U.S. stores. About 400 more will be closed across Canada, according to the Chapter 11 filing. The liquidation will not impact its franchised or Latin American stores, where it...

loading...

Management |ANALYSIS Featured

More U.S. retail stores closing... and faster than ever

The rise of online shopping, shrinking margins, ever expensive rents, and consumer behavior’s shifts are just some of the reasons why American retailers are closing more stores than ever. And they are doing so at a record pace this year, according to analysts and market experts. In fact, up to April 6, closings have been announced for 2,880...

loading...