Alex is joined by Rubina Ahmed-Haq, Global News Radio Personal Finance Expert, to discuss Payless ShoeSource Canada Inc, who says it will soon file for creditor protection in Canada and close all 2,500 of its North American stores this spring. According to the company's chief restructuring officer Stephen Marotta, the closures are happening because a prior reorganization left the company “ill-equipped” for today’s retail environment with too much remaining debt and too large a store footprint.
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The Alex Pierson Show