These Are The Popular Stores That Are Closing Down This Decade
From Forever 21 to JC Penny, these are the most popular stores that might close this decade!
3. Payless
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Shoe lovers are going to have to find a new store to purchase their footwear at low prices. Back in 2017, Payless ShoeSource filed for 11 bankruptcy protection two years ago. As a result, the company had to lay off employees and shuttered over 600 stores back in 2017. Before long, Payless had reorganized started to make a slow comeback.
However, S&P Capital Markets claims it is still in danger of default. While Payless closed down many of its stores, the company still has a lot of stores to manage while getting back on its feet, 3,500 indeed. “We have accomplished our goals of strengthening our balance sheet and restructuring our debt load, positioning Payless to create substantial value for our stakeholders,” said CEO Paul Jones.
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