US: Collective Brands to shut 475 Payless, Stride Rite stores
By Leonie Barrie | 25 August 2011
Footwear retailer Collective Brands Inc plans to close about 475 under-performing Payless and Stride Rite Children's stores in the next three years, as well as explore strategic options for the business as a whole, after swinging to a second quarter loss of $35m.
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