Headlines

Payless Closing More Stores

The company filed a request to close 400-plus additional stores

Published

7 years ago

May 31, 2017

Payless (Topeka, Kan.) has sought court approval to close up to 408 additional stores, not including the nearly 400 stores it has already announced its plans to close.

The additional closures are being attributed to a series of unsuccessful efforts to reduce its costs, including some rent negotiations that fell through.

According to Chicago Tribune, only a quarter of the 408 stores will definitely be shuttered. If negotiations continue to fall through, the remaining stores (about 300) could also be closed.

As a result of its bankruptcy, the company plans to invest in areas to become more competitive, including its online business and expand internationally.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design