Payless ShoeSource to close 248 Canadian stores, saying its ‘ill-equipped’ for market

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Payless ShoeSource to close 248 Canadian stores, saying its ‘ill-equipped’ for market
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The liquidation will put 2,400 out of work

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Payless to close 248 Canadian stores, saying it's 'ill-equipped' for marketPayless to close 248 Canadian stores, saying it's 'ill-equipped' for marketPayless ShoeSource Canada Inc. says it will soon file for creditor protection in Canada and close all 2,500 of its North American stores this spring.
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Read more »

Payless to close 248 Canadian stores, saying its 'ill-equipped' for marketPayless to close 248 Canadian stores, saying its 'ill-equipped' for marketPayless ShoeSource Canada Inc. says it will soon file for creditor protection in Canada and close all 2,500 of its North American stores this spring.
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Payless ShoeSource filing for bankruptcy, closing all North American storesPayless ShoeSource filing for bankruptcy, closing all North American storesThe Kansas-based company’s chief restructuring officer Stephen Marotta says in a release that the closures are happening because a prior reorganization left the company 'ill-equipped’ for today’s retail environment
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Payless Is Closing All Its Stores In North AmericaPayless Is Closing All Its Stores In North AmericaDocuments show the brand employs about 2,400 workers in Canada and owns 248 stores in the country.
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Optimism fades as Canadian CEOs see lower growth at home and in key Chinese marketOptimism fades as Canadian CEOs see lower growth at home and in key Chinese marketOnly 12 per cent of CEOs surveyed see China as a growth market, compared to 53 per cent last year
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