This national retailer is closing 17 stores across Florida; 400 nationwide

Payless ShoeSource, a family footwear retailer with stores across the country, plans to close nearly 400 locations, including 17 across Florida, the company announced this week.

The chain, based in Topeka, Kansas, announced Tuesday that it filed for bankruptcy as part of a restructuring effort.

A soon-to-be closed Payless ShoeSource store in New York on Wednesday, March 22, 2017. Payless plans to shutter between 400 and 500 stores and is filing for bankruptcy. (Richard B. Levine/Newscom/Zuma Press/TNS)

DEAL ALERT: These stores are closing in Palm Beach County

Payless does not plan to close any of its Palm Beach County locations.

“This is a difficult, but necessary, decision driven by the continued challenges of the retail environment, which will only intensify,” said Paul Jones, Payless Chief Executive Officer. “We will build a stronger Payless for our customers, vendors and suppliers, associates, business partners and other stakeholders through this process. While we have had to make many tough choices, we appreciate the substantial support we have received from our lenders, who share our belief that we have a unique opportunity to enable Payless — the iconic American footwear retailer with one of the best-recognized global brands — to remain the go-to shoe store for customers in America and around the globe.”


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s