Concerning the stores in the USA, they will remain open until at least the end of March and the majority will remain open until May.
On the heels of learning Dillard's in Boardman is closing, a report out Thursday said all Payless ShoeSource stores will be on the chopping block. If the report is true, that will mean all of those stores will be closed.
This is the second bankruptcy filing for the company, which in April 2017 filed for Chapter 11 protection and reorganized after shedding 400 stores.
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He said civil society groups were due to hold a meeting with Yakubu on Monday to address this and other issues over the delay. INEC announced in the early hours of Saturday that the vote would now be held on February 23.
However, the company says it will be business as usual for its franchise operations and stores across Latin American. It lists 18,000 employees worldwide. Heavy debt loads also have handcuffed retailers, leaving them less flexible to invest in their businesses.
Toys "R" Us and The Bon-Ton Stores are among the retailers that have disappeared from the retail landscape in the last 12 months.
- Payless is no longer offering online sales.
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