Payless ShoeSource Is Filing for Bankruptcy, Will Close 400 Stores
Payless ShoeSource filed for Chapter 11 bankruptcy on Tuesday.
Watch CBS News
Payless ShoeSource filed for Chapter 11 bankruptcy on Tuesday.
The company said it would be closing 113 stores in the United States, in addition to its 41 stories in Canada, as it seeks to "achieve long-term financial stability."
Texas is the state that will be the hardest hit, with 24 Sports Authority storefronts slated to go dark.
The bankruptcy has been looming since January.
Atlantic City's local government will meet Tuesday afternoon to consider asking New Jersey for permission to declare bankruptcy.
About 50 local college students learned a lesson outside the classroom that might be more valuable than anything they learn inside.
The restaurant chain Saladworks has filed for bankruptcy but says its customers don't have to worry.
Straub had until midnight yesterday to close on the sale, but didn't.
A federal judge in Delaware ruled Wednesday that the Chapter 11 case of casino giant Caesars Entertainment Corp. will proceed in Illinois, denying a motion by several creditor groups who wanted the case heard in Delaware.
On the same day news broke the parent company of Caesars Casino in Atlantic City filed for bankruptcy, its ballroom was filled for Mayor Don Guardian's annual State of the City address.
Trump Entertainment Resorts is asking a bankruptcy court in Delaware for permission to sell the last 353 of its slots to Patriot Gaming & Electronics, a New Jersey firm that sells new and used slot machines and parts.
A bankruptcy court judge says she will approve an auction Sept. 24 for the closed $2.4 billion Revel Casino Hotel.
Sources tell CBS 3 Eyewitness News that the Trump Taj Mahal in Atlantic City is filing for bankruptcy, is expected to close in November and terminate all employees.
Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers.
Atlantic City's mayor says there are six potential buyers for the Revel Casino Hotel, which is up for sale next month at a bankruptcy auction.
Shortly after distributing the letters, Revel filed a Chapter 11 petition with the federal bankruptcy court, its second in as many years. Revel said it hopes to find a buyer quickly.
Competitors are already picking at the soon-to-be-closed Atlantic Club Casino Hotel, trying to lure customers and employees to their own casinos.
The Atlantic Club Casino Hotel in Atlantic City says it will close on January 13th, reducing the number of casinos in the struggling gambling resort to eleven.
Six months after exiting bankruptcy court, Atlantic City's newest casino may be up for sale — or headed back to bankruptcy.
The Atlantic Club Casino Hotel filed for Chapter 11 bankruptcy protection Thursday, the second Atlantic City casino to do so this year.
Chris discusses President Obama's statement on Trayvon Martin and Race, the impending birth of the royal baby, and the bankruptcy of Detroit. He talks to Jeff Roe and Michael Bronstein on the Monday Morning Matchup, Phillies Manager Charlie Manuel, John Hayward from Human Events, and Rob Levine from Holt's Cigar Company.
From Beach Haven at the Jersey shore, Chris follows the bankruptcy filing by the city of Detroit, the President's statements on the efficacy of Obamacare. He also talks to Steve Cordasco on Finance Friday, CBS 3's Beasley Reece, and Lou Richards, Owner of the Crust and Crumb.
The struggling Atlantic City casino formally emerged from bankruptcy court on Tuesday, just 13 months after it opened with sky-high hopes.
Singer Dionne Warwick owes nearly $10 million in back taxes and has filed for bankruptcy.
On Monday, the $2.4 billion resort found it could not break the law of supply and demand as it filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Camden.
Sunday brings us the coldest day so far — which is coincidentally the first full day of winter.
The Cleveland Cavaliers had a 126-99 victory over the Philadelphia 76ers on Saturday night.
The Philadelphia Flyers snapped a three-game losing streak with a 5-4, come-from-behind win over the Columbus Blue Jackets.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Sang Kee Peking Duck House was closed for about a week after a flood of steam damaged the electrical system and fire alarm inside.
Sunday brings us the coldest day so far — which is coincidentally the first full day of winter.
The Cleveland Cavaliers had a 126-99 victory over the Philadelphia 76ers on Saturday night.
From the electrifying sounds of the Trans-Siberian Orchestra to the Flyers' "Holiday Spectacular," here's your guide to a memorable holiday weekend.
Bridge repairs will cause lane closures on I-95 in Philadelphia on Sunday night, PennDOT says.
Dominic DeLuca and Tony Rojas returned interceptions for touchdowns and Penn State toyed with mistake-prone SMU in a 38-10 victory in the opening round of the College Football Playoff.
Joel Embiid is trying to believe in the good that can come from asking someone for help.
Sang Kee Peking Duck House was closed for about a week after a flood of steam damaged the electrical system and fire alarm inside.
Chilly weather is gripping Pennsylvania, New Jersey and Delaware into the holiday season. Here are some places to keep warm.
Bridge repairs will cause lane closures on I-95 in Philadelphia on Sunday night, PennDOT says.
Chilly weather is gripping Pennsylvania, New Jersey and Delaware into the holiday season. Here are some places to keep warm.
A New Jersey drone pilot says most sightings are easily explained after people have been reporting mysterious drones in the state for weeks.
The season of giving is on full display after a fire tore through a Camden County police officer's home this week.
Snow and rain are falling in the Philadelphia region, which could make the evening commute messy for holiday travelers.
A community of Eagles fans is helping this South Jersey man diagnosed with terminal cancer to fulfill his final wish
Chilly weather is gripping Pennsylvania, New Jersey and Delaware into the holiday season. Here are some places to keep warm.
Snow and rain are falling in the Philadelphia region, which could make the evening commute messy for holiday travelers.
The official start of winter, and the shortest day of the year, is Saturday, Dec. 21.
White Christmases are rare in the Delaware Valley, and this year is no exception.
By 3 p.m. Wednesday, light showers will break out across the Philadelphia region.
Dale and Steve Berkley spent countless hours at St. Christopher's Hospital for Children in Philadelphia with their granddaughter, who was treated for cancer.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
A device used in South Jersey is a game-changer for people with inflammatory bowel disease as an alternative to invasive screenings.
Sounds of the holiday season filled St. Jerome Church courtesy of visually impaired students from Saint Lucy's performing a Christmas concert.
Feds warn against eating multiple products containing the vegetable, including salads, wraps, party trays and meal kits.
Sang Kee Peking Duck House was closed for about a week after a flood of steam damaged the electrical system and fire alarm inside.
More than 80% of retailers rolled out stricter return policies last year, research shows.
The mall many in Northeast Philadelphia still know as Franklin Mills is now called Franklin Mall.
By HUGHE_DILLON
By HUGHE_DILLON
Bridge repairs will cause lane closures on I-95 in Philadelphia on Sunday night, PennDOT says.
Philadelphia will add 14 speed cameras to Broad Street in hopes of making the road safer for drivers and pedestrians.
New data from PennDOT suggests technology is improving safety after rear-end crashes plagued the Schuylkill Expressway for years.
The southbound lanes of I-95 have reopened between the I-676 East and Market Street exits because a pedestrian was struck.
Philadelphia's annual Vision Zero report shows Roosevelt Boulevard is getting safer but Broad Street is getting more dangerous.
The Cleveland Cavaliers had a 126-99 victory over the Philadelphia 76ers on Saturday night.
The Philadelphia Flyers snapped a three-game losing streak with a 5-4, come-from-behind win over the Columbus Blue Jackets.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Joel Embiid is trying to believe in the good that can come from asking someone for help.
Joel Embiid had 34 points and nine assists after missing a game because of a sinus fracture, helping the Philadelphia 76ers beat the Charlotte Hornets 108-98 on Friday night.
Meet the winner of this weekend's Jason Kelce look-alike contest: Paul Crossley of Fishtown.
If you've found yourself caught up in the chaos of the holiday season and are looking to slow things down and enjoy a weekend of celebration, then you've come to the right place.
The cost of YouTube TV has soared nearly 140% since the streaming platform launched in 2017.
The transformative power of music is bringing hope and holiday cheer to people facing poverty in Philadelphia.
Mindy Kaling and Morris Chestnut announced the nominations for the 82nd annual Golden Globes, with 10 nominees revealed live on CBS News.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
Despite the cold weather, flight tracking website FlightAware says there's been less than 300 delayed flights out of Philadelphia International Airport on Saturday. Meteorologist Andrew Kozak has your NEXT Weather forecast.
Back in business. A popular restaurant in Chinatown reopened its doors on Saturday after the business was shuttered because of a potential safety hazard. We first told you about the sudden shutdown at Sang Kee Peking Duck House last weekend. Ryan Hughes has the follow-up.
Despite the cold, the weather gets better as we get closer to Christmas Day. Meteorologist Andrew Kozak has the latest forecast.
We are learning new details about a crash that left a man seriously injured in Bear, Delaware. A man was driving a car that slammed into the back of a truck on Summit Bridge Road near Brennan Boulevard Thursday night. The investigation revealed the truck was stopped at the traffic light but for reasons still unknown the car did not stop.
Philadelphia and cities across the country are marking Homeless Persons' Memorial Day. Project HOME hosted a gathering at Shakespeare Park near 20th and Vine in Logan Square. They remembered the homeless men and women who died in Philadelphia this year. Homeless Persons' Memorial Day occurs on or around winter's first day.