Shoppers are increasingly shifting their buying online or heading to discount stores like T. J. Maxx to grab deals on name-brand shoes.
(AP) — Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U. S. and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have closed down in the last year.
The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All of the stores will remain open until at least the end of March and the majority will remain open until May.
The debt-burdened chain filed for Chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization.
