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Payless Shoes Set to Shutter Its Stores

Stevicus

Stevicus

Veteran Member
Staff member
Premium Member
Retailer Payless ShoeSource set to shutter its U.S. stores: sources | Reuters

(Reuters) - U.S. discount retailer Payless ShoeSource Inc plans to close all of its approximately 2,300 stores when it files for bankruptcy later this month for the second time in as many years, people familiar with the matter said on Thursday.

The move would make Payless one of the most high-profile victims of the string of bankruptcies that have hit the brick-and-mortar retail sector as more shopping is done online. Toys “R” Us and The Bon-Ton Stores are among the retailers that shut their stores in liquidations in the last 12 months.
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Another one bites the dust.

I was just in a K-Mart that's close to shutting down permanently. They were having a close-out sale, but it was so messed up at the cash registers.

The article attributes Payless' decline to online shopping which is hurting the brick-and-mortar retail sector.
 
youknowme

youknowme

Whatever you want me to be.
Kame apart and Pay for less didn't get with the times. The world does not stand still.
 
Debater Slayer

Debater Slayer

Vipassana
Staff member
Premium Member
"Come gather 'round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone
If your time to you
Is worth savin'
Then you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'."

-- Bob Dylan, The Times They Are A-Changin'.
 
Twilight Hue

Twilight Hue

Twilight, not bright nor dark, good nor bad.
Stevicus said:
Retailer Payless ShoeSource set to shutter its U.S. stores: sources | Reuters



Another one bites the dust.

I was just in a K-Mart that's close to shutting down permanently. They were having a close-out sale, but it was so messed up at the cash registers.

The article attributes Payless' decline to online shopping which is hurting the brick-and-mortar retail sector.
Click to expand...
Businesses come and go. They should have had an online component that kept up with the trends.

I would say quality of a product plays a role too.

So many major businesses used to start out so well, and ended up so crappy in the name of profit. It looks like they've gotten so cheap that quantity not quality mattered and people pick up on that.

To stay in business you just have to make and or sell quality Footwear that can match the amount you paid for it.
 
Saint Frankenstein

Saint Frankenstein

Wanderer From Afar
Premium Member
Very sad. I'm not going to act like thousands of people losing their jobs is no big deal. This is awful. I'm not happy with online shopping killing off real world stores.
 
Revoltingest

Revoltingest

Pragmatic Libertarian
Premium Member
Nowhere Man said:
To stay in business you just have to make and or sell quality Footwear that can match the amount you paid for it.
Click to expand...
I can't believe it's that simple.
I suspect it has more to do with changing buyer
wants & practices, & keeping ahead of those.
 
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