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Retailers hit hard in 2017

Posted at 12:42 PM, May 08, 2017
and last updated 2017-05-31 14:47:10-04

(CNN) - More Payless ShoeSource stores are closing.

The footwear company announced a second set of closings on Wednesday, bringing the total number to about 800.

It has nearly 4,500 locations worldwide.

It filed for Chapter 11 bankruptcy in April and announced it was closing about 400 locations.

Business analysts say Payless is among the companies affected by on-line purchasing.

Two private equity groups bought Payless five years ago.

An updated list of closures are at the Payless site, as is a list of stores under negotiation

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