Payless ShoeSource filing for bankruptcy, closing 400 stores


MARISA: ANOTHER BIG RETAILER IS DOWNSIZING. PAYLESS SHOE- SOURCE HAS FILED THE COMPANY PLANS TO CLOSE 400 STORES IN THE U-S AND PUERTO RICO AS PART OF A IN HAWAII WILL BE AFFECTED. THE COMPANY SAID IT HAD LESS THAN A BILLION DOLLARS IN ASSETS, BUT AS MUCH AS 10-BILLION DOLLARS IN LIABILITIES.

2 Comments

  • Yes Because of Amazon
    It is effecting lot of small and local retail business , more homeless and more jobless
    Support local retail and small business

  • They sell overpriced plastic shoes made in China anyway. Never bought a pair of shoes there. The plastic smell of that store is a carcinogenic health hazard.

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