If the company makes good on its plans, it will have shuttered 800 stores.
The retailer’s stock is taking a hit after the company didn’t meet Q1 expectations.
Department stores got rid of 600 jobs in April alone.
The retail industry lost nearly 30,000 jobs in March.
And, that’s becoming a huge problem for retailers.
Is the brand headed in a different direction?
The firm filed bankruptcy Friday.
The firm’s Q4 sales & profit were better than expected, but its outlook was a disappointment.
Several Payless agents & suppliers say their businesses could collapse if Payless shutters.
Oh, to be a sporting goods retailer in these turbulent times.