The retailer will zero in on this “under-served portion” of its customer base.
“We took a pretty sizable hit from Payless in Q3,” Madden CEO Ed Rosenfeld told investors.
The women’s comfort brand has pulled the trigger amid retail industry challenges.
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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.”