Business

Sources say Payless plans to close all its stores after bankruptcy filing

Recent reports cite sources familiar with the situation who indicate Payless ShoeSource will file for bankruptcy later this month, leading to the expected closure of its roughly 2,300 locations nationwide.

The move, which would be its second bankruptcy in recent years and would add Payless to a list of chains to shutter all locations, has not been confirmed by the company.

Sources said there is a sliver of hope that a buyer — elusive in the process so far — could come to the rescue at the last minute. Otherwise, they said shoppers can start looking for going-out-of-business signs in windows as early as next week.

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Categories: Business, U.S.

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