News

Payless exits chapter 11 as CEO steps down

15/08/2017
Payless exits chapter 11 as CEO steps down

US footwear retail group Payless Shoesource has completed its financial restructuring and emerged from chapter 11 bankruptcy protection. The company said it now has “substantial liquidity” after eliminating more than $435 million in funded debt.  “We have accomplished our goals of strengthening our balance sheet and restructuring our debt load,...

To continue reading this story, please sign in or register.

Related stories:

Payless to complete store closures in June 31/05/2019
Payless ShoeSource to close all its US stores 19/02/2019
Payless explores its options 18 months after restructuring 18/01/2019
Payless fools customers with creative marketing stunt 05/12/2018
Payless puts its headquarters up for sale 06/12/2017
Payless to expand its e-commerce business 23/11/2017
Payless mulls further restructuring of business 20/11/2017
Payless Shoesource closures hit Steve Madden results 08/11/2017
Payless gets court approval for reorganisation plan 03/08/2017
Top 10 footwear groups of 2016 revealed 21/06/2017
Payless Shoesource files for bankruptcy protection 10/04/2017
Top ten footwear groups, names and numbers 09/06/2016
Payless to make extended shoe sizes for women 26/06/2012
Payless ShoeSource to expand in Korea, Thailand and Vietnam 06/02/2012
Payless ShoeSource announces promotion 28/01/2011

Footwearbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.