Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week

Front Porch Punditry � News � Business and Economic News � Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week

Topic settings

Print view

Jump to forum

Welcome Welcome to Front Porch Punditry Political News and Views General Political News and Opinion Breaking Political News The Woodshed Politics With an Attitude Political Cartoons Politics With an Attitude The Democrat Propaganda Machine (MSM) Had enough yet? The Obamas Michelle Obama - The First Looter Barack Hussein Obama - The man who would be Dictator Liberal Folly The Hilderbeast Manbearpig and The Global Warming Hoax pookie's toons WTH?! News Breaking News National News Donald J. Trump Business and Economic News World News Entertainment News News you can Use The World of Sports Weird and Wacky Science & Medicine Tech News Our Armed Forces Our Armed Forces Patriot's Footlocker Preparedness Tools and Resources Firearms and Ammo Faith and Prayer Faith and Prayer Sunday Chapel The Juke Joint Drop a quarter in the Jukebox All the other stuff General Discussion Conspiracies The Funny Bone ThirstyMan's Greasy Spoon Diner Suggestion Box History American History World History

#1 | Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week datum

Wed Mar 22, 2017 1:15 am

Zitat
Payless Inc., the struggling discount shoe chain, is preparing to file for bankruptcy as soon as next week, according to people familiar with the matter.

The company is initially planning to close 400 to 500 stores as it reorganizes operations, said the people, who asked not to be identified because the deliberations aren�t public. Payless had originally looked to shutter as many as 1,000 locations, and the number may still be in flux, according to one of the people.

https://www.bloomberg.com/news/articles/...on-as-next-week

reply

#2 | RE: Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week datum

Wed Mar 22, 2017 1:24 am

I know one dude who is going to be really disappointed at this news.

He loves those pumps!

@Frank Cannon

"The demographic most opposed to President Trump is not a racial minority, but a cultural elite." Daniel Greenberg

"Failure to adequately denounce Islamic extremism, not only denies the existence of an absolute moral wrong but inherently diminishes our chances of defeating it." Tulsi Gabbard

"It�s a movement comprised of Americans from all races, religions, backgrounds and beliefs, who want and expect our government to serve the people, and serve the people it will." Donald Trump's Victory Speech 11/9/16

INSIDE EVERY LIBERAL IS A TOTALITARIAN SCREAMING TO GET OUT -- Frontpage mag

reply

#3 | RE: Payless Is Said to Be Filing for Bankruptcy as Soon as Next Week datum

Wed Mar 22, 2017 9:53 am

Quote: Cincinnatus wrote in post #1
Zitat
Payless Inc., the struggling discount shoe chain, is preparing to file for bankruptcy as soon as next week, according to people familiar with the matter.

The company is initially planning to close 400 to 500 stores as it reorganizes operations, said the people, who asked not to be identified because the deliberations aren�t public. Payless had originally looked to shutter as many as 1,000 locations, and the number may still be in flux, according to one of the people.

https://www.bloomberg.com/news/articles/...on-as-next-week

This seems to be the latest national trend:

Sears Plummets After Citing �Substantial Doubt� About Its Future
by Nick Turner
and Lauren Coleman-Lochner
March 21, 2017, 5:32 PM EDT
March 22, 2017, 8:53 AM EDT

Troubled retailer adds �going concern� language to filing
Company has struggled to recover from billions in losses

...................................................

https://www.bloomberg.com/news/articles/...ompany-s-future

Driving by malls and mini-malls is downright depressing. Imagine if Obama had not done such a wonderful job on the economy