Payless Shoe Stores is closing all 2,100 of its U.S. stores and in Puerto Rico, with closures beginning in March. The company expects that all stores will be closed by May of this year.
The company was founded in 1956, but filed for Chapter 11 bankruptcy in April 2017, which led to the closure of some 400 locations. With hopes of re-structuring failing, the company will be filing for bankruptcy yet again.
In addition to the 2,100 stores, they will be closing their online store as well. Liquidation sales will start this coming weekend. Unaffected? Their franchise operations and its stores in Latin America, which will remain open.
Catch Maurette on the all new “Sound of Praise with Maurette Brown Clark” show weekdays 10 a.m. – 3 p.m. and make sure you follow her on Twitter, Facebook and Instagram @SOPmaurette!
Think you missed something? Click HERE to see more from “Sound of Praise!”
Want gospel news at your fingertips? Text BMORE to 52140 to join our text club!
The Latest Music, Celebrities and Interviews: Follow @‘sopmaurette’
Sign Up For Our Newsletter!