Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs

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Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs
TheToolMan Offer Upgrade User ID: 71489331 United States 02/10/2017 03:58 PM Report Abusive Post Report Copyright Violation	Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs If Payless can't reach a deal with creditors the retailer may consider filing for bankruptcy, Bloomberg's Jodi Xu Klein and Lauren Coleman-Lochner reported Friday. In January, Reuters reported that Payless was working with attorneys to restructure debt worth roughly $655 million. Later in the month, Payless laid off 165 associates, including 110 employees at the Topeka corporate office, The Topeka-Capital Journal reported. Payless, like many other retailers, is hurting from a decline in foot traffic to shopping malls. Earlier in January, The Limited, another apparel brand primarily based in malls, shut down all 250 of its stores and laid off 4,000 workers. Mall staples Sears and Macy's have also announced mass closures this year, with Sears planning to close 150 namesake stores and Kmart stores in 2017 and Macy's planning to shutter another 100 stores. [link to www.aol.com (secure)] "My mom said the only reason men are alive is for lawn care and vehicle maintenance."

Anonymous Coward User ID: 70225454 United States 02/10/2017 04:01 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs They sell crappy brands at mall store prices. They used to sell crappy brands at dirt cheap prices. Not hard to figure out why they are going under. Know your market.
darkwolf007 User ID: 69195067 United States 02/10/2017 04:04 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs They sell crappy brands at mall store prices. They used to sell crappy brands at dirt cheap prices. Not hard to figure out why they are going under. Know your market. Quoting: Anonymous Coward 70225454 Yes, but darn it!! Now where will I get my crappy fricken shoes...? Ugh... Needing to get a new pair of sneakers sometime soon too. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here.
*Mwalk** Low Earth Orbit User ID: 9652994 United States 02/10/2017 04:08 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs If Payless can't reach a deal with creditors the retailer may consider filing for bankruptcy, Bloomberg's Jodi Xu Klein and Lauren Coleman-Lochner reported Friday. In January, Reuters reported that Payless was working with attorneys to restructure debt worth roughly $655 million. Later in the month, Payless laid off 165 associates, including 110 employees at the Topeka corporate office, The Topeka-Capital Journal reported. Payless, like many other retailers, is hurting from a decline in foot traffic to shopping malls. Earlier in January, The Limited, another apparel brand primarily based in malls, shut down all 250 of its stores and laid off 4,000 workers. Mall staples Sears and Macy's have also announced mass closures this year, with Sears planning to close 150 namesake stores and Kmart stores in 2017 and Macy's planning to shutter another 100 stores. [link to www.aol.com (secure)] Quoting: TheToolMan Can't be paying retail and food workers the wages you pay skilled craftsman, journeymen. This minimum wage hike has even hurt the corporations. Besides the little people it was created to target. “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
darkwolf007 User ID: 69195067 United States 02/10/2017 04:11 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs If Payless can't reach a deal with creditors the retailer may consider filing for bankruptcy, Bloomberg's Jodi Xu Klein and Lauren Coleman-Lochner reported Friday. In January, Reuters reported that Payless was working with attorneys to restructure debt worth roughly $655 million. Later in the month, Payless laid off 165 associates, including 110 employees at the Topeka corporate office, The Topeka-Capital Journal reported. Payless, like many other retailers, is hurting from a decline in foot traffic to shopping malls. Earlier in January, The Limited, another apparel brand primarily based in malls, shut down all 250 of its stores and laid off 4,000 workers. Mall staples Sears and Macy's have also announced mass closures this year, with Sears planning to close 150 namesake stores and Kmart stores in 2017 and Macy's planning to shutter another 100 stores. [link to www.aol.com (secure)] Quoting: TheToolMan Can't be paying retail and food workers the wages you pay skilled craftsman, journeymen. This minimum wage hike has even hurt the corporations. Besides the little people it was created to target. Quoting: *Mwalk** Baby Shaniqua and her twelve children and one on the way needs that $15 an hour though! Pfft! Ohhh, man! I can't even finish typing that without busting up laughing. Conspiracy Theorist is nothing more than a derogatory title used to dismiss a critical thinker. A time is coming when men will go mad, and when they see someone who is not mad, they will attack him, saying, 'You are mad; you are not like us." -- St. Anthony The Great Social Credit Loser here.
TheToolMan (OP) User ID: 71489331 United States 02/10/2017 04:14 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs They sell crappy brands at mall store prices. They used to sell crappy brands at dirt cheap prices. Not hard to figure out why they are going under. Know your market. Quoting: Anonymous Coward 70225454 Well, not everyone can purchase $150 shoes like you can you liberal fool. The middle class needs less expensive options. "My mom said the only reason men are alive is for lawn care and vehicle maintenance."
Anonymous Coward User ID: 73982687 United States 02/10/2017 04:17 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs They sell crappy brands at mall store prices. They used to sell crappy brands at dirt cheap prices. Not hard to figure out why they are going under. Know your market. Quoting: Anonymous Coward 70225454 Not only that, it is a women's shoe store, with a small cupboard for a couple of men's shoes. So it is kind of like wtf? Better off going to Kmart or Walmart, for shoes.
Maiya It's kind of fun to do the impossible. User ID: 54345146 United States 02/10/2017 04:18 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs About 13 years so I walked in there and bought 2 pairs for my children. There was an issue with my debit card transaction and it had to be run multiple times. I was charged twice. I called them up to report the error. I got told "Too bad. Talk to your credit union." I had to go to the credit union, wait for a cube lady, get told to file a police report, return to credit union with it, wait for cube lady agin, file some forms and wait for the dispute to resolve. A half day off from work total. I said I would never return and never did. If you forget your customer, the customers forget you. They never thought she would lose. Now they all lose.
Anonymous Coward User ID: 73982687 United States 02/10/2017 04:19 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs If Payless can't reach a deal with creditors the retailer may consider filing for bankruptcy, Bloomberg's Jodi Xu Klein and Lauren Coleman-Lochner reported Friday. In January, Reuters reported that Payless was working with attorneys to restructure debt worth roughly $655 million. Later in the month, Payless laid off 165 associates, including 110 employees at the Topeka corporate office, The Topeka-Capital Journal reported. Payless, like many other retailers, is hurting from a decline in foot traffic to shopping malls. Earlier in January, The Limited, another apparel brand primarily based in malls, shut down all 250 of its stores and laid off 4,000 workers. Mall staples Sears and Macy's have also announced mass closures this year, with Sears planning to close 150 namesake stores and Kmart stores in 2017 and Macy's planning to shutter another 100 stores. [link to www.aol.com (secure)] Quoting: TheToolMan Can't be paying retail and food workers the wages you pay skilled craftsman, journeymen. This minimum wage hike has even hurt the corporations. Besides the little people it was created to target. Quoting: *Mwalk Baby Shaniqua and her twelve children and one on the way needs that $15 an hour though! Pfft! Ohhh, man! I can't even finish typing that without busting up laughing. Quoting: darkwolf007** In all honesty, their current business model sucks. they need to modernize, and develop onsite, 3d printers, to make shoes as needed. Single product retail outlets, have to stay ahead of the curve, in order to stay in business.
Anonymous Coward User ID: 70225454 United States 02/10/2017 04:22 PM Report Abusive Post Report Copyright Violation	Re: Soon there will be less - Payless Shoes to close 1000 stores and file for bankruptcy #economy #jobs They sell crappy brands at mall store prices. They used to sell crappy brands at dirt cheap prices. Not hard to figure out why they are going under. Know your market. Quoting: Anonymous Coward 70225454 Well, not everyone can purchase $150 shoes like you can you liberal fool. The middle class needs less expensive options. Quoting: TheToolMan That's my point... They have been jacking up their prices over the last few years, making other shoe stores a better option for family budgets. They have priced themselves out of the affordable shoe market.
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