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Payless Shoesource files for bankruptcy protection

10/04/2017
Payless Shoesource files for bankruptcy protection

US footwear retail group Payless Shoesource has filed for chapter 11 bankruptcy protection as part of a financial and operational restructuring of the company. It also announced the immediate closure of nearly 400 “underperforming” stores in the US and Puerto Rico.  “This is a difficult but necessary decision driven by the continued challenges...

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