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Payless ShoeSource to close all of its remaining US stores



NEW YORK (AP) – Payless's ShoeSource is rooted in all of its 2,100 US and Puerto Rico remaining stores, and is on a list of iconic names like Toys R Us and Bon-Ton that have been shuttered in the past year . 19659002] Topeka, Kansas-based chain said Friday that it will hold liquidation sales start Sunday and settle its e-commerce. All stores remain open until at least the end of March, and the majority will remain open until May.

The debtor chain filed for Chapter 11 bankruptcy protection in April 2017 and closes hundreds of stores as part of the reorganization. 19659002] At that time, there were over 4,400 stores in more than 30 countries. It remerged from restructuring four months later with about 3,500 stores and eliminated over $ 435 million in debt.


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