Payless is closing down its stores in the U.S.

Shoppers sad as Payless becomes latest victim of online shopping

Shoppers sad as Payless becomes latest victim of online shopping

On February 15 Payless ShoeSource Inc said it would begin going-out-of-business sales at its US and Puerto Rico stores, Reuters reports.

Liquidation sales are underway at Payless Shoe Source.

The debt-burdened chain filed for Chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization.

A Payless spokesperson says the stores will most likely remain open until May.

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Before this announcement, there have been 2,187 USA store closing announcements this year, with Gymboree and Ascena Retail, the parent of Lane Bryant and other brands, accounting for more than half the total, according to the research firm.

According to Reuters, a business news organization, Payless plans to file for bankruptcy later this month, which will be the second time the company has done so in the last two years.

The Salina store will remain open until May, or until whenever its inventory is liquidated, whichever comes first. An employee said Monday the store will close sometime between March and May.

In the Tri-Cities, Payless operates stores at Kennewick Plaza, 2817 W. Kennewick Ave., Riverview Shopping Center, 3427 W. Court St., Pasco, at Columbia Center mall, 1321 N. Columbia Center Blvd., and at the nearby Shopko shopping center, 867 N. Columbia Center.

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