Collective Brands Inc., parent company of discount shoe chain Payless ShoeSource, will be closing 475 “underperforming and low-volume, non-strategic stores,” including an unspecified number in Puerto Rico, the company announced Wednesday upon reporting shaky second quarter results.
The emergency created by Hurricane Irene as it cut across Puerto Rico over the past few days activated members of the Puerto Rico Restaurants Association, which in conjunction with the government delivered nearly 200 meals to people who were forced to seek shelter from the storm.
In what may seem like a case of “adding insult to injury,” Puerto Rico consumers who opt to shop online for their books via Amazon.com will find that the company is no longer offering its “Free Super Saver” shipping option to the island.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
