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Payless Is Closing All Its 2,100 US Stores

Photo Credit: CHARLIE RIEDEL, AP

Fashion

Payless Is Closing All Its 2,100 US Stores

Payless Is Closing All Its 2,100 US Stores

Get ready to say goodbye to another popular retail store. Payless, the discount shoe store will close all 2,100 of its locations in the United States and Puerto Rico in a few months.

RELATED: Sears Files For Chapter 11 Bankruptcy Protection, 142 Stores Set To Close

A spokesperson shared the big news to CNN Business on Friday. It was said that liquidation sales will begin on Sunday and stores will begin closing in March, but most will say open until May.

In addition to that, Payless also plans to shut down its online store. Reports states that the company will possibly file for bankruptcy for a second time by the end of the month.

This latest news come months after Toys ‘R’ Us announced that they were going out of business. Shortly after, it was reported that they were going to reopen after they came up with a better financial plan. Clothing company Charlotte Russe also filed for bankruptcy and they are planning to close nearly 100 stores.

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RELATED: Toys ‘R’ Us To Make United States Comeback

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