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Nicolette Accardi can be reached at naccardi njadvancemedia. Find NJ. It's official: Black Friday is irrelevant. See what's new inside Walmart stores. Dollar General's business is booming. It's also vulnerable to crime, police say. The retailer said it's planning to open to standalone stores nationwide in the next three to five years.
Sudden sewing boom has sewing machine sellers scrambling. The discount shoe retailer filed for Chapter 11 bankruptcy protection in , less than two years after it emerged from its previous bankruptcy. The company was plagued with too much debt and too many stores. Facebook Twitter Email. Payless is back with new website, plans to open new stores but it drops 'ShoeSource' from name. Show Caption. Hide Caption.
By the , Pay-Less National — which was publicly traded as Volume Distributors — had more than stores across the U.
Looking beyond cultural changes and prime locations, the core strength of the company was the shoes, themselves. Payless had underinvested in its information technology infrastructure. Those challenges — which did, in fact, come into fruition in a number of forms — pushed Payless over the edge. It put forth a plan to immediately close about underperforming stores in the U. Despite such a gloomy outlook, by that August, just four months after it first filed for bankruptcy, Payless emerged a lighter, leaner operation.
The latter camp would prove to be right. After first filing for bankruptcy in April , Payless filed for Chapter 11 protection again in February , and revealed that it would shutter its domestic business entirely.
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