After filing for bankruptcy protection for the second time and shutting all of its 2,100 stores in the US last year, discount shoe chain Payless is attempting a comeback
The retailer said it's planning to open 300 to 400 standalone stores nationwide in the next three to five years. The company, which sells sneakers, boots and dress shoes at prices as low as around $10 a pair, thinks it's a good time to attract budget conscious shoppers.
The company said at the time that it would keep open stores outside North America.Read MoreIn January, the company said it had emerged from bankruptcy protection and appointed a new management team, including Margolis. Payless, which shuttered all of its US stores in 2019, is set to open its first store later this year in Miami.The first Payless store is slated to open in November in Miami, where its new headquarters are located.
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