The shoe dealer Payless ShoeSource is set to close all its stores when the files for bankruptcy later this month. Veuer Mercer Morrison has the story.
The shoe is officially starting to fall for Payless ShoeSource.
While liquidation sales are in nearly 2,600 stores in the US and Canada, about 14 percent of the sites are expected to complete the business area and at the end of March.
It is the first round of closures since the 62-year-old shoe chain filed for bankruptcy protection February 18 and includes 247 US locations and 120 in Canada, according to a list compiled by A & G Realty Partners, which manages the sales of the stores.
All stores in the US and Canada come near the end of May, Payless said. Sales are final and stores no longer accept return or store gift cards.
Places in about three dozen other countries, including 420 business-owned stores and 370 international franchise dealers, remain open.
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