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Payless Bankruptcy Will Not Impact Operations In The Caribbean.

Payless Bankruptcy Will Not Impact Operations In The Caribbean.

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Shoe chain Payless ShoeSource has filed for Chapter 11 bankruptcy protection, becoming the latest retailer to succumb to increasing competition from online rivals like Amazon. Payless will be closing nearly 400 of the over 4,400 stores it has in more than 30 countries and reduce its debt by almost 50 percent, Initial press reports suggest that the announcement will not impact operations in the Caribbean.BM