Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Payless to close 3 area stores * Bankrupt footwear retailer Payless Inc. listed on Wednesday nearly 400 poorly performing stores that will be closed immediately, including three in the St. Louis area.

Stores that will be closed are at Water Tower Place in Arnold, Chesterfield Mall in Chesterfield and Kirkwood Commons in Kirkwood, according to a list provided by the retailer.

In addition to the three St. Louis area stores, nine other stores in Missouri will be closed. They are in Belton, Chillicothe, Grandview, Independence, Kirksville, Maryville, Osage Beach, Ozark and Sikeston.

In Illinois, 13 stores are being closed, none in the Metro East.

The Topeka, Kan.-based retailer filed for bankruptcy protection on Tuesday. It employs more than 22,000 people at more than 4,000 stores in 30 countries.

Stage plans to operate 5 area Gordmans * Five of the six St. Louis-area Gordmans stores may be getting a reprieve.

Stage Stores, the Omaha, Neb.-based buyer of bankrupt Gordmans assets, has identified 57 stores it plans to keep open.

Gordmans in the St. Louis area that would continue under Stage ownership are at 687 Gravois Bluffs Boulevard in Fenton, 81 Ludwig Drive in Fairview Heights, 1355 South Fifth Street in St. Charles, 2259 Highway K in O'Fallon, Mo., and 235 Arnold Crossroads Center in Arnold.

The store at 320 THF Boulevard in Chesterfield is among stores on a list of planned closures.

Stage operates nearly 800 specialty department stores in 38 states under the names of Bealls, Goody's, Palais Royal, Peebles and Stage.

Walgreens reports unexpected drop in sales * Drugstore chain operator Walgreens Boots Alliance Inc. reported a surprise drop in quarterly sales on Wednesday, citing challenging market conditions in Europe and the impact of a stronger dollar.

Walgreens said sales from its international business fell 14.5 percent to $3. …

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