Payless may close 1,000 stores
February 13, 2017
The discount shoe retailer is reported to be in talks with lenders over a restructuring plan that would include the company closing about 1,000 of its stores. Payless, which was acquired by private equity firms Golden Gate Capital and Blum Capital Partners in 2012, has been looking at ways to get out from under the $600 million in debt it is carrying.
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