Payless Relaunches Online, Plans 300-500 U.S. Stores
The discount shoe retailer, which shuttered its 2,500 U.S. stores last summer, emerged from Chapter 11 bankruptcy under CEO Jared Margolis earlier this year. Two of its previous secured lenders, Alden Global Capital and Axar Capital Management, now control the company. It just opened its e-commerce site for business, and also plans to open 300-500 brick-and-mortar stores in the U.S. over the next five years, promising a seamless omni-channel integration between ... Log in to view full article.