Payless is closing all 2,100 stores in yet another sign of the death of fast fashion | Fast Company


In another sign that fast fashion is dying off, Payless ShoeSource Inc. says it plans to close all of its 2,100 stores in the United States and Puerto Rico. Two years ago, Payless declared bankruptcy during a wider wave of store closures throughout the country, something we’ve come to describe as the retail apocalypse. At the time, the company shuttered a number of its stores, which allowed it to eliminate hundreds of millions of dollars in debt, according to the Wall Street Journal. But none of this restructuring was able to save it from further collapse.

Read More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s