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Payless falls,  files for bankruptcy 

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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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By SHK

Sultan H. Khane II is the Editor-in-Chief of Bazaar Daily News and its 5 sister properties.

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