Footwear retailer Payless ShoeSource announced Friday that it will close its 2,100 U.S. stores and is winding down its online sales operations. This comes as the company files for bankruptcy for the second time in its many years. According to a statement that the retailer provided to CBS News, all stores will remain open until the end of March with most remaining open through the end of May. Liquidation sales began at all locations on February 17, and www.payless.com appears to have ceased taking online orders at this time. Payless has nearly three dozen stores in the metro Atlanta area, including four in our coverage area: Carrollton, Douglasville, Hiram, and Newnan.
This action by Payless extends the list of retailers that have filed for bankruptcy and are closing stores across the nation. According to multiple reports, prior to Payless’s announcement, over 1,800 retail location closures had already been announced for 2019, which is now more than doubled with yesterday’s press release. Among one of the recent closures announced, Gymboree reported in December that it would be closing all its Crazy 8 Stores affecting the locations in Douglasville and Newnan. You can read that story here.
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