Payless ShoeSource filed for bankruptcy on Tuesday and will shut down around 400 store locations in the U.S. and Puerto Rico. The shoe spot of our youth isn’t in retail heaven yet, but it may be on its deathbed.
Independent-minded designer Isabel Toledo was widely known in fashion before Michelle Obama wore one of her ensembles on inauguration day, but it was probably the latter event that made Toledo enough of a "name" to warrant a collection for Payless.
An L.A. organization that matches underprivileged girls with surplus designer dresses and shoes just in time for prom is facing the twin problems of increasing need and decreasing donations this spring.
