*Bankrupt shoe retailer seeks to close 40 more stores
*Would bring total store closures to 130 of 210 stores
NEW YORK Jan 22 Bankrupt U.S. shoe retailer,
The Walking Company, will seek court approval next month to
close 40 additional stores.
The retailer, which sells comfortable shoes at its namesake
stores and also runs the Big Dogs sportswear clothing line,
filed for bankruptcy in early December with a plan to close 90
of its original 210 stores immediately.
A U.S. bankruptcy judge in California on Thursday set a
court hearing for Feb. 16 for the company to discuss "post
holiday" store closings.
According a court order filed this week, the company was
given approval to begin "holiday" or "soft closing" procedures
at those "underperforming" stores during the holiday shopping
period beginning Dec. 18.
The company said the 40 additional stores it is now seeking
to close were "either unprofitable or only marginally
"The company's reorganization effort hinges on its ability
to right-size its lease portfolio, which will allow the Company
to eliminate literally millions of dollars in annual operating
expenses," The Walking Company's chief executive Andrew
Feshbach wrote in a declaration filed with the court last
The case is In re: The Walking Company, U.S. Bankruptcy
Court, Central District of California, No. 09-15138.
(Reporting by Emily Chasan; editing by Carol Bishopric)