Here & Now Here & Now

Support the news

There's A 'Retail Meltdown' Happening In 2017. Here's Why05:57
Download

Play
A pedestrian walks by a Payless Shoe Source store on April 5, 2017 in San Francisco. The Kansas-based discount shoe retailer has filed for Chapter 11 bankruptcy and will close nearly 400 of its stores. (Justin Sullivan/Getty Images)
A pedestrian walks by a Payless Shoe Source store on April 5, 2017 in San Francisco. The Kansas-based discount shoe retailer has filed for Chapter 11 bankruptcy and will close nearly 400 of its stores. (Justin Sullivan/Getty Images)
This article is more than 3 years old.

We're just over three months into 2017, but already there have been nine retail bankruptcies, including Payless Shoe Source — as many as all of last year, according to Derek Thompson (@DKThomp), senior editor for The Atlantic. Here & Now's Jeremy Hobson checks in with Thompson about what’s happening.

This segment aired on April 10, 2017.

Related:

Support the news

Support the news