01 JUN 2017 (14:22 UTC-07 Tango 06) 11 Khordad 1396/06 Ramadan 1438/07 Bing Wu 4715
Payless in the Pine Ridge Mall in Chubbuck, Idaho. It escaped the shutdowns announced in April, but will it survive this new round of shutdowns?
In April, Kansas based shoe seller Payless suddenly went bankrupt and shutdown 4-hundred U.S. stores! Now Payless administrators have asked the bankruptcy court for permission to shutdown an additional 4-hundred, bringing the total so far this year to 8-hundred!
The new shutdown list adds stores in Hawaii, Connecticut, Louisiana, Arizona, New Jersey, Michigan, Florida, and “a whopping 117 stores in Texas and 132 in California”! Administrators say the new additions to the shutdown list are the result of failed attempts to get the rents on the properties lowered.