Payless

Payless has filed for Chapter 11 bankruptcy protection and announced plans to close all of its roughly 2,500 North American stores. Payless’ second bankruptcy filing in two years and the store closure announcement may spell the end of the line for the long-lived American shoe retailer. Case...

Is retail in trouble? The answer certainly varies depending on who you ask and how they define retail. According to a Bloomberg report, there could be more than 8,000 store closures in 2017, which would surpass 2008's peak of around 6,200. Most recently, Payless Inc. said it will close hundreds of...

Payless Inc., the seller of discounted shoes, could declare bankruptcy as soon as next week. According to a Bloomberg report, retail's latest casualty is expected to initially close up to 500 of its stores as part of a reorganization associated with its bankruptcy. The retailer, owned by...