27 de marzo de 2017

PAYLESS SHOES Se declara en bancarrota y cerrara 500 de sus tiendas

Resultado de imagen para payless shoesource logo

MEREDITH.-Discount shoe retailer Payless Inc is reportedly expected to file for Chapter 11 bankruptcy this month. As part of the restructuring process, the company plans to close up to 500 stores. 

The story was initially reported by Bloomberg Business, citing unnamed sources and stating, "Payless had originally looked to shutter as many as 1,000 locations, and the number may still be in flux." Payless was founded in 1956 in Topeka, Kansas, and was bought in 2012 by Golden Gate Capital and Blum Capital for $2 billion. 

The company currently operates about 4,000 stores with about 22,000 employees. Payless is just the latest casualty of a quickly changing retail market. Gander Mountain, Men's Wearhouse, HH Gregg, JC Penny, and many others are all closing stores this year. Consumers are quickly changing their shopping habits, moving from the malls to their living rooms as online shopping continues to grow. This shift in the industry is leaving many of the big box stores struggling to keep up. 

Even brick-and-mortar stores like Macy's and Best Buy are dedicating resources to their online stores which account for much of their growth. Even Walmart spent billions to acquire Jet.com and expand their online presence. Despite the rise of the online shopper, the census bureau estimates that e-commerce only accounted for about 8 percent of total retail sales in 2016.