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Payless says it could close another 408 stores
Reuters
Payless is closing 400 stores.
Payless ShoeSource could close another 408 stores, in addition to the 400 it shut down two months ago after filing for bankruptcy protection.
The company is seeking to immediately close 112 locations and potentially shut down another 296 stores if it can’t get cheaper rent for those stores, according to court papers filed this week at federal bankruptcy court in St. Louis, Missouri. Fortune’s Phil Wahba first reported on the closures.
The closures could impact more than 2,000 employees.
Prior to filing for bankruptcy in April, Payless had 4,400 stores in 30 countries and employed nearly 22,000 people.
The retailer said in April that more store closures were likely. In a news release, the company said it planned to “work to aggressively manage the remaining” stores through additional closures or modified lease terms.
NOW WATCH: 9 items you shouldn’t buy at Costco
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
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Reuters
Payless is closing 400 stores.
Payless ShoeSource could close another 408 stores, in addition to the 400 it shut down two months ago after filing for bankruptcy protection.
The company is seeking to immediately close 112 locations and potentially shut down another 296 stores if it can’t get cheaper rent for those stores, according to court papers filed this week at federal bankruptcy court in St. Louis, Missouri. Fortune’s Phil Wahba first reported on the closures.
The closures could impact more than 2,000 employees.
Prior to filing for bankruptcy in April, Payless had 4,400 stores in 30 countries and employed nearly 22,000 people.
The retailer said in April that more store closures were likely. In a news release, the company said it planned to “work to aggressively manage the remaining” stores through additional closures or modified lease terms.
NOW WATCH: 9 items you shouldn’t buy at Costco
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2qAuEGl
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
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