Payless Stores Closing
First Toys R Us shut down, now another popular chain is getting ready to close up shop. According to reports, Payless will close all 2,100 of its locations in the United States and Puerto Rico in the coming months.
Most stores will begin closing in March, and the rest will say open until May. A spokesperson told CNN Business that the discount shop also plans to shut down its online store. Payless may also be on the verge of filing for bankruptcy for a second time by the end of the month.
You may recall that they filed for Chapter 11 bankruptcy two years ago in April 2017 and closed a number of stores at that time. But unfortunately that wasn’t enough to save the chain. An email from the company said that the liquidation doesn’t affect its franchise operations or its Latin American stores, which remain open for business as usual.
Damn, it was good while it lasted.