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Article Date: August 2017
Word Count: 119

Payless Exits Bankuptcy, Seeks New CEO

After closing 900 stores and shedding $435 million in debt, the retailer emerged from Chapter 11 proceedings on Aug. 10 with a 3,500 store footprint. The exit plan, which was approved two weeks ago after negotiations between creditors and former private equity shareholders, forsees brick-and-mortar sales of $1,965 million next year, and projects a 4% annual growth rate through ... Log in to view full article.


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