New York (CNN Business) After filing for bankruptcy protection for the second time and shutting all of its 2,100 stores in the US last year, discount shoe chain Payless is attempting a comeback. The retailer said it's planning to open 300 to 400 standalone stores nationwide in the next three to five years. "We saw an opportunity for the brand to relaunch into the US market... at a time when value couldn't be more critical." The discount shoe retailer filed for Chapter 11 bankruptcy protection in 2019, less than two years after it emerged from its previous bankruptcy. The company said at the time that it would keep open stores outside North America.

Source: CNN August 17, 2020 22:07 UTC