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Payless ShoeSource files for bankruptcy; to close 20 stores in region

Twenty stores in Fairfield County and the Westchester/Hudson Valley regions will be closing.

Lenders view ailing retail sector with cautious confidence

“There have been a lot of headlines that retail is in free fall and some call it the next Big Short — the 2017 variety of the subprime mortgage market,” said Manus Clancy, managing director at Trepp LLC, a New York City-based provider of commercial mortgage data and analytics.

Payless reportedly latest big-name retailer headed for bankruptcy

The shoe giant could close up to 500 stores.