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