Payless could close stores, file for bankruptcy at end of the month
By: Amanda Pitts
PROVIDENCE, R.I. (WLNE) – According to Reuters, Payless ShoeSource will soon be closing all of its stores.
The company could shut down approximately 2,300 stores after it files for bankruptcy at the end of the month, Reuters reported Thursday. The company has about 2,700 stores nationwide according to their website.
Twelve are located in Rhode Island.
This isn’t the first time the shoe retailer has run into trouble. The company, founded in 1956, filed for bankruptcy back in 2017.
“I mean, it goes with the times. Everything’s online now. People barely shop at Payless, to begin with, I mean, I’m surprised they lasted this long,” said Jovanny Navarro of Providence.
While some might agree, others will miss the discounts.
“When you’re a single mom like I am, with a child that grows very fast out of shoes, you know, to not spend so much money,” said Alicia Jacobs of Providence.
According to Reuters, there’s a small chance Payless could find a buyer. In the meantime, according to the report, the company is gearing up for going out of business sales.
Payless declined to comment to Reuters.
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