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Payless Shoes = "Successful" Reorganization?
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Payless Shoes = "Successful" Reorganization?

Nov 20, 2017
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Payless Shoes = "Successful" Reorganization?
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Everything is Relative

Everything is relative. Apparently, as we noted above, Payless Shoesource set the bar for what constitutes a "successful reorganization": not liquidating. We think there should be a tail or clawback for such labels given the state of retail these days and the seemingly strong likelihood of retail Chapter 22s. Apropos, Payless is ta…

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