Payless ShoeSource is the latest victim of the deluge of retail bankruptcies.
The affordable footwear retailer announced Tuesday that it has filed for Chapter 11 bankruptcy to restructure its North American business and its two Hong Kong-based logistic and supply chain entities. The company is closing 400 underperforming stores in the U.S. and Puerto Rico immediately.
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Following the four-year anniversary of the Rana Plaza tragedy, the European Commission is taking additional steps to foster more sustainable supply chains in the global garment industry.Read more
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HSN CEO Mindy Grossman is stepping down, Sears promoted Rob Riecker to the role of CFO and Debenhams appointed two new executive directors.Read more
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In a time when consumers are willing to bypass their favorite stores in search of better styling, quality or prices elsewhere, brands are leaning on loyalty programs to keep shoppers engaged.Read more