Thread regarding Payless Shoes layoffs

Payless Topeka HQ Layoffs - Store Closures (February 2017)

Payless Topeka Headquarters Layoffs (February 2017) - Total impact is 165 laid off, 110 will be let go in Topeka. That's about 2% of total number of employees, Pivarnik said he was sorry, I think he had to do it - not sure what they will do with fat executive bonuses though.

Golden Gate Capital and Blum Capital Partners know what they are doing, they need cash flow and the best way to get it is to cut payroll costs. We'll see what happens.

And in parallel, they are talking about closing 1/3 of all stores. They closed all stores in Australia already, we'll see what happens here in the States - probably 1000 stores or so will be closed

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More layoffs in September - I am hearing that

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