The firm’s Latin America division will continue to operate as

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The firm’s Latin America division will continue to operate as

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replica designer backpacks The retailer announced it has begun efforts to liquidate all 2,500 of its North America stores and is winding down its e commerce business. The stores are expected to remain open until at least the end of March and some will continue to operate until as late as May. The budget chain emerged from bankruptcy in 2017 after closing hundreds of under performing stores and restructuring its debt. However, it still labored under $400 million in loans post bankruptcy and faced a difficult selling environment. “The challenges facing retailers today are well documented, and unfortunately Payless emerged from its prior reorganization ill equipped to survive in today’s retail environment,” said chief restructuring officer Stephen Marotta in a statement. The firm’s Latin America division will continue to operate as usual. replica designer backpacks

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