Preview - Please log in to view full article.

Article Date: February 2019
Word Count: 125

Report: Payless Preparing to File for Bankruptcy Again

The Topeka, KS-based discount shoe retailer is preparing a second bankruptcy filing in as many years, with plans to close most or all of its brick-and-mortar stores, Bloomberg reported, citing inside sources. Payless emerged from its last trip through Chapter 11 in Aug., 2017 with a footprint of about 3,500 stores after closing 900 locations and shedding $435 million of debt.


The process was ... Log in to view full article.


Already a subscriber?

User Name:  


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.