A pedestrian walks by a Payless Shoe Source store on April 5, 2017 in San Francisco.
Payless ShoeSource said Thursday it has emerged from Chapter 11 bankruptcy protection for a second time, with a renewed focus on its international operations.
It last filed for bankruptcy in February 2019 and ultimately shut down all of its 2,500 U.S. stores. The retailer — founded in 1956 in Topeka, Kansas — also wound down its e-commerce operations. But the liquidation did not impact its franchised or Latin American stores.
Payless first filed for bankruptcy in April 2017, eliminating nearly 700 stores and roughly $435 million in debt. It emerged about four months later.
The company has…