Payless ShoeSource files for bankruptcy as it closes its 2,500 US stores

Payless ShoeSource files for bankruptcy as it closes its 2,500 US stores

Payless ShoeSource has filed for bankruptcy protection. It has already begun to close down its 2,500 stores across the U.S. The retailer expects all stores to remain open until at least the end of March, and the majority until May. Payless ShoeSource has filed for bankruptcy protection as the shoe retailer prepares to wind down its 2,500 U.S. stores. The filing was made Monday night, a day after it began liquidation sales for its U.S….

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