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Stock impact report

Payless ShoeSource Is Going Out of Business -- These 2 Competitors Will Be Winners [The Motley Fool]

Caleres, Inc. (CAL) 
Last caleres, inc. earnings: 3/12 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investor.caleres.com
Company Research Source: The Motley Fool
Payless ShoeSource Is Going Out of Business -- These 2 Competitors Will Be Winners With Payless ShoeSource set to close all its U.S. stores by the end of May, two discount footwear chains could gain sales in the coming year. Just a year and a half after exiting bankruptcy with high hopes for a comeback, discount shoe giant Payless ShoeSource is calling it quits. The struggling retailer announced last week that it will close all of its more than 2,000 remaining company-owned stores in the U.S. over the next few months. The impending disappearance of Payless ShoeSource from the U.S. retail landscape represents an opportunity for rivals to snap up its customers. The two biggest winners are likely to be DSW ( NYSE:DSW ) and Caleres ( NYSE:CAL ) . Two years ago, Payless blamed its initial bankruptcy filing in large part on outdated inventory management systems. The company purchased too much merchandise in early 2015 -- much of which arrived late, due to a West Coast port strike. The res Show less Read more
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