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Bids on Payless sites are being accepted until May 15
Bids are being accepted on the leases for 425 Payless ShoeSource locations through May 15, according to RCS Real Estate Advisors, which has been retained to handle the disposition. The stores range in size from 2,000 to 5,000 sq. ft. and are situated in both mall and street environments. Payless this week filed for Chapter 11 bankruptcy protection, listing liabilities between $1 billion and $10 billion. It will continue to operate its business as usual at its nearly 4,000 other locations. -
Former Hhgregg exec to head up operations for sporting goods retailer
Academy Sports + Outdoors is bolstering its executive team. The sporting good chain appointed Sam Johnson as its executive VP of retail operations, effective April 24. In his new role, Johnson will oversee the day-to-day operations of Academy's more than 225 stores, as well as lead the store support team.

