23 April 2017 / 23:49 UTC-07 Tango 06 (03 Ordibehest 1396/26 Rajab 1438/28 Jia Chen 4715)
Video: MAFFS BOMBS IDAHO!
23 April 2017 / 23:49 UTC-07 Tango 06 (03 Ordibehest 1396/26 Rajab 1438/28 Jia Chen 4715)
Video: MAFFS BOMBS IDAHO!
04 April 2017 (16:20 UTC-07 Tango 06) 15 Farvardin 1396/07 Rajab 1438/08 Jia Chen 4715
“…with the immediate closure of nearly 400 underperforming locations in the U.S. and Puerto Rico and work to aggressively manage the remaining real estate lease portfolio either by modifying terms, or evaluating closures of additional locations.”-Payless statement, 04 APR 2017
Despite Donald Trump running The White House, the Obama regime initiated apparel industry death spiral is ramping up. Discount cheap-o shoe seller Payless suddenly ‘died’ today after filing for bankruptcy.
4-hundred U.S. stores forced to shutdown immediately! The thousands of remaining stores around the world will undergo ‘managed’ shutdowns! (click this link to the official shutdown list)
Payless is officially not dead, but should be considered a zombie retailer as executives struggle to keep the company going: “This is a difficult, but necessary, decision driven by the continued challenges of the retail environment, which will only intensify. We will build a stronger Payless for our customers, vendors and suppliers, associates, business partners and other stakeholders through this process. While we have had to make many tough choices, we appreciate the substantial support we have received from our lenders, who share our belief that we have a unique opportunity to enable Payless — the iconic American footwear retailer with one of the best-recognized global brands — to remain the go-to shoe store for customers in America and around the globe.”-Paul Jones, CEO
However, the Payless ShoeSource employees at the struggling Pine Ridge Mall in Chubbuck, Idaho, swear they are not being shutdown. They claim that corporate administrators say the Chubbuck Payless is actually making money.
In related news, the Payless store in Pocatello, Idaho (which was quietly shutdown back in October 2016), was supposedly shutdown because of landlord/tenant problems, not lack of sales.
MORE ECONOMIC DECLINE: VANITY DIES IN IDAHO
U.S. RETAIL/BANKING/SERVICE SECTOR COLLAPSE, JANUARY 2017: Kansas based Payless shoe seller suddenly laid off 110 HQ employees! Elsewhere, another 55 Payless employees were suddenly dumped. Local news media say laid off employees were given no notice and were escorted out by security guards!
U.S. RETAIL/BANKING/SERVICE SECTOR JOB LOSSES, OCTOBER 2016: Payless Shoes shutting down three stores in Illinois, right after Thanksgiving, blaming “landlord issues”.
U.S. JOB LOSSES & STORE CLOSINGS, SEPTEMBER 2014: NO MORE PAYLESS?
U.S. JOB LOSSES & STORE CLOSINGS, JANUARY 2013: Payless Shoes HQ in Topeka, Kansas, laid off 45 people and eliminated 97 vacant positions. New owners of Payless say the job cuts are an effort to keep the company operating.