Skip to main content

Payless has filed for bankruptcy and will immediately close 400 stores

Payless ShoeSource said Tuesday that it has filed for bankruptcy and will immediately close 400 stores in the US and Puerto Rico.

The discount shoe chain has filed for Chapter 11 protection on less than $1 billion in assets and $10 billion in liabilities.  Read more.

Comments

Popular posts from this blog

Elizabeth Warren Says Days of 'Lukewarm' Policies Are Over

In a wide-ranging and fiery keynote speech last weekend at the 12th annual Netroots Nation conference in Atlanta, Georgia, Sen. Elizabeth Warren (D-Mass.) relentlessly derided moderate Democratic pundits calling for the party to move "back to the center" and declared that Democrats must unequivocally "fight for progressive solutions to our nation's challenges."  Read more.