Payless plan calls for new stores in U.S., Asia, Latin America

Payless ShoeSource is preparing to emerge from bankruptcy this week with its debt cut in half and a plan to expand with new brick-and-mortar stores in international markets. The footwear retailer, which now has about 3,200 stores around the world, will open four large-format stores in the United States, expand its franchise operations in Asia and open more locations in Latin America, according to court filings. Read the Reuters story here