Payless Closing All 2,100 Stores In US

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Payless shoe store will close all 2,100 of its locations in the United States and Puerto Rico in the coming months, a spokesperson told CNN Business on Friday. Liquidation sales will begin on Sunday and stores will begin closing in March, though most will say open until May.

Payless also plans to shut down its online store. The company could file for bankruptcy for a second time by the end of the month, according to reports.

Founded in 1956 in Topeka, Kansas, Payless has more than 3,600 locations in 40 countries and over 18,000 employees, according to its website. A spokeperson said its international franchises and Latin American stores will not be affected.

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{Matzav.com}

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