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Insolvent start of sales outside of business; no more online sales



Beginning of today's sales on the Payless ShoeSource market.

The discounts network, announced last week, closed all of its 2100 stores in the United States. Liquidation sale will begin on Sunday

The company also ceases its business for e-commerce.

In an online statement, Payless stated that it no longer sells products online on February 15. Clients with questions should contact customer service @@csr.payless.com

Payless stated that its franchise operations, as well as its Latin American stores, will remain open. 1

9659003] The closure came as Payless is reportedly preparing for its second bankruptcy filing from 2017. At that time, Payless worked about 3,000 stores, but closed hundreds of it recognized as "ineffective." At present, it is a private company owned by Blum Capital and Golden Gate Capital. At present, about 18,000 people work on the network.

Payless is the latest of a number of national retailers who close their doors when faced with increased business from online vendors. In recent years Toys R Us, Gymboree and Charlotte Russe have filed for bankruptcy and either stopped operations or closed several stores.


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