Payless falls,  files for bankruptcy 

Payless Shoesource is no more and this time losing at least four hundred stores.  According to the Kansas based retailer,  they’re preparing to close hundreds of stores amid a final hope to reconstruct the business amid a bankruptcy filing.

According to documents obtained by The Daily News,  the documents are asking a court to approve Chapter 11 bankruptcy protection amid plummeting sales and declining foot traffic in its stores.

Meanwhile, Payless joins The Limited; Wet Seal, and numerous other retailers scheduled to sell off stores or entirely go out of business.  

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