Payless ShoeSource Reappears After Bankruptcy With Plans to Open Stores in the U.S.
Hip2Save may earn a small commission via affiliate links in this post. Read our full disclosure policy here.
A little bit of good news from the retail world…
The Associated Press is reporting that Payless ShoeSource has emerged from bankruptcy for the second time with a renewed focus on international markets. The retailer first filed for Chapter 11 bankruptcy protection in April 2017, and then again in February 2019. The second filing ultimately led to the closing of the company’s remaining 2,000+ stores in North America.
Payless announced yesterday that it wants to start its recovery by revitalizing operations in Latin America, which is currently the brand’s largest business unit. The Topeka, Kansas-based company also said that it’s planning to relaunch its U.S. e-commerce site and open physical stores in the U.S. too, but the exact details of these plans have yet to be announced. We’ll be sure to keep you posted as we learn more!