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Discount chain Payless enters bankruptcy, will close 400 stores

Thursday, April 6, 2017 - 05:50

New York

PAYLESS Inc, the discount shoe seller, filed for bankruptcy with a plan to slash debt by almost 50 per cent as the retail spiral persists.

Payless listed liabilities of US$1 billion to US$10 billion in Chapter 11 documents filed Tuesday in St Louis bankruptcy court. The

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