Chain Store Age
U.S. discount retailer Payless ShoeSource has hired an advisor to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy, people familiar with the matter said on Tuesday.
The action underscores the efforts Payless is making to avoid a second bankruptcy, as the popularity of online shopping on websites such as Amazon.com continues to challenge the viability of many brick-and-mortar retailers.. . . more