Business & Tech

Payless ShoeSource to shutter all of its remaining US stores

Payless ShoeSource is shuttering all of its 2,100 remaining stores in the United States and Puerto Rico.
Justin Sullivan/Getty Images
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the United States and Puerto Rico.

NEW YORK — Payless ShoeSource is shuttering all of its 2,100 remaining stores in the United States and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have been shuttered 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 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.

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At the time, it had over 4,400 stores in more than 30 countries. It remerged from restructuring four months later with about 3,500 stores and eliminated more than $435 million in debt.