Popular athletic shoe chain files for Chapter 11 bankruptcy

The athletic sneakers sector has confronted monetary wound since the Covid-19 pandemic with a lot of shoe retail outlets filing for monetary catastrophe, closing retailer locations, and usually going out of exchange.

Factual weeks earlier than the pandemic, large shoe retailer chain Payless ShoeSource in January 2020 emerged from a devastating Chapter 11 monetary catastrophe it filed in February 2019 after closing down all 2,500 stores and its e-commerce platform.  The corporate would as an different point of interest on its world operations.

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