Payless ShoeSource

Victoria’s Secret Closings Add to Weak Malls’ Woes

The lingerie giant is tightening the purse strings, with plans to shutter 53 stores in North America, on the heels of other recent bankruptcy and store closing announcements.

Payless Bankruptcy Spells Trouble for Vulnerable Malls

After filing for its second bankruptcy, the company is shuttering a slew of valuable retail locations—but struggling malls may suffer most.