Payless to close 400 stores

The retailer filed for bankruptcy and will shutter doors on many locations. Its chief vowed to ‘build a stronger Payless for [its] customers.’

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The retailer recently filed for bankruptcy and plans to shutter 400 of its stores around the country.

A bump in online competition from the likes of Zappos has cut into the company’s profits. After the closings, the Topeka, Kansas-based company will retain 4,000 stores worldwide.


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