bankruptcy, the second time in two years. it had failed in april of 2017, it emerged 18 months ago and is reorganized hundreds of millions of dollars. it wasn't enough to stay afloat, beginning tomorrow, will you see a huge liquidation sale at payless shoe stores across the country. why is this happening? we are seeing a major disruption happening for a number of reasons. for one, competition. stiff competition out there, especially for discount retailers, fast fashion is a big way to go, not just for clothing, shoes as well, lots of people shopping at h & m and zara and amazon, the owner or zapos is amazon. what brick-and-mortars are being ignored, that i are closing up. this is the trend. we saw almost 4,000 stores last