Payless closing 800 stores
PAYLESS IS GOING TO BE CLOSING MORE OF ITS STORES
(CNN) -More Payless Shoesource stores are closing.
The footwear company announced a second set of closings on Wednesday, bringing the total number to about 800.
It has nearly 4,500 locations world-wide.
It filed for chapter 11 bankruptcy in April and announced it was closing about 400 locations.
Business analysts say Payless is among the companies affected by on-line purchasing.
Two private equity groups bought Payless five years ago.
