Payless Shoesource Inc. has filed for Chapter 11 bankruptcy protection in St. Louis, and plans to close 400 stores immediately in the U.S. and Puerto Rico. Payless has over 4,000 stores in 30 countries, including more than 20 in the Baltimore area. Locations include the Gallery at Harborplace, Eastpoint Mall and Westview Mall. Payless plans to announce list of store closures on Tuesday evening. The privately held retailer plans to reduce its debt by 50 percent and has entered into agreements with…
from http://www.bizjournals.com/baltimore/news/2017/04/04/payless-shoesource-files-for-bankruptcy-closing.html?ana=RSS%26s=article_search
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