Payless ShoeSource emerges from Chapter 11 bankruptcy
DETROIT – Payless ShoeSource has emerged from bankruptcy for the second time, with a focus on international markets.
The Topeka, Kansas-based says it wants to reinvigorate its largest business unit, Latin America. It also will relaunch its U.S. e-commerce site and open some stores in the U.S. but didn’t offer details.
Payless filed for Chapter 11 bankruptcy protection in February 2019 and shuttered the remaining 2,000-plus stores in North America.
The latest bankruptcy filing didn’t affect its 710 franchises or stores in Latin America, Southeast Asia and the Middle East. The chain previously filed for Chapter 11 in April 2017.
Copyright 2020 by Associated Press - All rights reserved.
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