Payless Shoes Closing

Payless ShoeSource announced it is closing its remaining 2,100 stores in the U.S. and Puerto Rico. Look for liquidation sales to start Sunday (2/17/19). The company is also stopping its e-commerce operations.

“We expect all stores to remain open until at least the end of March and the majority will remain open until May,” the company said in statement. “This process does not affect the company’s franchise operations or its Latin American stores, which remain open for business as usual.”

The bankruptcy is the chain’s second, with the first in 2017 when the company tried to shed massive amounts of debt. That bankruptcy included closing more than 500 “underperforming” locations in the U.S. and Puerto Rico.

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