Moneymoney

Fri Feb 15, 2019, 08:56 PM

Payless ShoeSource Closing All 2,100 Stores, Starting Liquidation Sales Sunday

Payless ShoeSource confirmed Friday that it will close its 2,100 stores in the U.S. and Puerto Rico and start liquidation sales Sunday. The company is also shuttering its e-commerce operations.

The closings mark the biggest by a single chain this year and nearly doubles the number of retail stores set to close in 2019.

"We expect all stores to remain open until at least the end of March and the majority will remain open until May," the company said in a statement to USA TODAY. "This process does not affect the company’s franchise operations or its Latin American stores, which remain open for business as usual.”

On Wednesday, Coresight Research released an outlook of 2019 store closures that said there was "no light at the end of the tunnel."

More...

https://www.usatoday.com/story/money/2019/02/15/payless-shoesource-all-u-s-stores-liquidating-and-closing/2885949002/

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Reply Payless ShoeSource Closing All 2,100 Stores, Starting Liquidation Sales Sunday (Original post)
RCW2014 Feb 15 OP
uncledad Feb 15 #1
Da Mannn Feb 15 #2

Response to RCW2014 (Original post)

Fri Feb 15, 2019, 09:07 PM

1. Iceberg ahead?

No problem, we're solid as a rock.

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Response to RCW2014 (Original post)

Fri Feb 15, 2019, 09:19 PM

2. Oh well. Thems the breaks in Capitalism. Adapt or Die.

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