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Payless is staging a comeback less than a year after closing all its US stores in one of the largest retail liquidations in history

Payless is staging a comeback less than a year after closing all its US stores in one of the largest retail liquidations in history
Paul Warner/ Getty



Payless ShoeSource is relaunching in the US after emerging from Chapter 11 bankruptcy protection, the company said Thursday.




Payless filed for Chapter 11 bankruptcy protection in February 2019 and subsequently closed all 2,100 of its US stores in what was one of the largest retail liquidations in history by store count.




The company will relaunch its US website and open stores in the US, Payless said. It also hired a new management team.




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Payless is staging a comeback less than a year after executing one of the largest retail liquidations in history.
The discount shoe retailer said Thursday that it has emerged from Chapter 11 bankruptcy protection with 710 stores in operation globally and a new team of executives.
As part of its comeback, Payless will relaunch its US website and open new stores in the US, a company representative told Business Insider. Further details around the US relaunch will be revealed in the coming weeks, she said.
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