The latest Chapter 11 in a familiar story.
"Payless ShoeSource became the latest major retailer to declare financial distress when, on Tuesday, the company filed for Chapter 11 bankruptcy and announced a restructuring plan that includes the immediate closure of 400 stores in the United States and Puerto Rico," reports Travis M. Andrews.
Payless ShoeSource is the ninth major retailer to file for Chapter 11 bankruptcy since the beginning of the calendar year, which provides the fodder for a discussion about an American "retail apocalypse" in a vide that accompanies the article.
"Moody’s, last month, listed 19 retailers as financially distressed, including Sears, J. Crew and Gymboree. Macy’s, J.C. Penney, RadioShack and The Limited are just a few of the companies that have announced closures this year," adds Andrews.
Planetizen has covered the planned closures of Sears, Macy's, and The Limited, in addition to Whole Foods and the potential closure of many additional grocery stores.
FULL STORY: America is ‘over-stored’ and Payless ShoeSource is the latest victim
Recent Retail Closures in U.S. Cities Follow Trends Established Before the Pandemic
While some cling to debatable claims about higher crime rates as the cause for recent high-profile store closures in U.S. downtowns, the real reasons are more realistically extensions of the causes of the “retail apocalypse” from the before times.
6 Charts to Summarize the 'Retail Apocalypse' in 2018
2018 was more of the same for the demise of retail businesses in the United States.
Ross May Be Immune from the Amazon Effect
Ross Stores continues its expansion in the face of a much-foretold retail apocalypse. The shopping experience it provides may be one reason it can stand up to Amazon.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
Seattle's Plan for Adopting Driverless Cars
Equity, safety, accessibility and affordability are front of mind as the city prepares for robotaxis and other autonomous vehicles.
As Trump Phases Out FEMA, Is It Time to Flee the Floodplains?
With less federal funding available for disaster relief efforts, the need to relocate at-risk communities is more urgent than ever.
With Protected Lanes, 460% More People Commute by Bike
For those needing more ammo, more data proving what we already knew is here.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Smith Gee Studio
City of Charlotte
City of Camden Redevelopment Agency
City of Astoria
Transportation Research & Education Center (TREC) at Portland State University
US High Speed Rail Association
City of Camden Redevelopment Agency
Municipality of Princeton (NJ)