Payless ShoeSource Filing For Bankruptcy AGAIN & Closing All Stores
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Sad news for Payless shoppers!
Payless ShoeSource has been reported by Reuters to be filing for bankruptcy sometime later this month after being unsuccessful in finding a buyer. This move will in turn cause Payless to close all of its U.S. stores – around 2,300 locations.😢
If you’ll recall, back in April of 2017, Payless filed for bankruptcy and closed around 400 stores, only to re-emerge three months later. It sounds like they were unable to find their footing after the last attempt and will now close for good.
The company is said to be prepared to sell off all of its inventory, so we will be on the lookout for future sales from them and will post them for you right here on Hip2Save!
Are you surprised about this news or have you seen it coming with the closures of other brick-and-mortar stores?