New York (CNN Business) Payless is going out of business and will close all of its 2,100 US stores. DSW had a miserable holiday season, but it has developed a strategy to avoid Payless' fate. DSW's DSW DSW's strong sales during November, December and January came at the expense of profit, the company reported Tuesday. Despite the rocky holiday, the shoe chain has tried to adapt to disruptive changes in the industry and learn new tricks to stay relevant with shoppers. Women's shoes make up 69% of DSW's more than $3 billion in sales.

Source: CNN March 19, 2019 15:56 UTC