The women’s comfort brand has pulled the trigger amid retail industry challenges.
Who’s in, who’s out, who’s been promoted and hired — find out all the industry moves in one place, brought to you by FN.
It unloaded about $435 million of its debt via the bankruptcy process.
Some names on this list may surprise you.
“We are moving forward with them,” Madden CEO Ed Rosenfeld said of the firm’s Payless partnership.
“With the Chapter 11 filing, the company has taken steps to lay a strong foundation for the future,” Priest wrote.
“I dress people that I can support,” the designer said.
The bankrupt retailer’s business partners promise “significant discounts.”
The retail industry lost nearly 30,000 jobs in March.
When the largest family footwear retailer in the U.S. files for bankruptcy, implications are to be expected.