Job cuts could be on the cards at US footwear giant Payless ShoeSource as the retailer, which emerged from Chapter 11 Bankruptcy Protection in August, has announced a series of initiatives it says will increase efficiencies – including plans to “streamline” its corporate headquarters.

This week Payless outlined several key initiatives as part of the company’s ongoing transformation, which aims to re-prioritise the business to focus on the customer.

As part of a bid to redesign its organisational structure and better align resources, Payless says it plans to streamline its corporate headquarters in Topeka, Kansas, which will enable the company to modernise its approach to serving customers.

Also in the pipeline are plans to expand the firm’s e-commerce business and domestic and international footprint in a bid to increase growth.

Interim-CEO Martin Wade said: “We are one of the few retailers that has successfully emerged from bankruptcy in what continues to be a challenging year for the industry. The in-court restructuring moved at an accelerated pace as a result of Payless’ agreements with creditors. The Chapter 11 process enabled the company to significantly reduce debt and create a solid foundation for growth. We must challenge ourselves every day to ensure we take advantage of this fresh start.”

Payless filed for Chapter 11 Bankruptcy Protection in April in a move that saw the closure of around 673 stores. The company operates around 3,600 brick-and-mortar stores in more than 40 countries.

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Payless ShoeSource emerges from Chapter 11