You are here


Discount chain Payless enters bankruptcy, will close 400 stores

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to