Payless ShoeSource emerges from bankruptcy

Payless ShoeSource has emerged from bankruptcy for the second time, with a focus on international markets

By Anne Dinnocenzio

NEW YORK (AP) – Payless ShoeSource has emerged from bankruptcy for the second time, with a focus on international markets.

The Topeka, Kansas-based said Thursday it wants to reinvigorate Latin America, its largest business unit.

It will also relaunch its U.S. e-commerce site and open some stores in the U.S. , but no details were offered.

Payless filed for Chapter 11 bankruptcy protection in February 2019 and shuttered the remaining 2,000-plus stores in North America.

The latest bankruptcy filing didn’t affect its 710 franchises or stores in Latin America, Southeast Asia and the Middle East.

The chain filed for Chapter 11 for the first time in April 2017.

Categories: Digital Exclusives and Features