It unloaded about $435 million of its debt via the bankruptcy process.
If the company makes good on its plans, it will have shuttered 800 stores.
Research from EY reveals major concerns among retail leaders.
And, that’s becoming a huge problem for retailers.
The firm filed bankruptcy Friday.
Several Payless agents & suppliers say their businesses could collapse if Payless shutters.
The retailer has already laid off 165 employees.
The top-trending business stories that ruled conversations and headlines this year.
The road to Chapter 11 is paved with good intentions. Here’s where retailers lose their way.
The retailer originally thought it could save just 229 of its 700-plus stores.