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New Report Says All Payless ShoeSource Stores Will Close

WSJ: Largest Ever Retailer Liquidation

Posted by Lansing Integrity at 8:37am 2/16/19

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Payless ShoeSource at Genesee Valley Mall on February 15th 2019/Lansing Integrity photo

There's a new story from WSJ that is gaining traction quickly: Payless ShoeSource will close. The Wall Street Journal says it will likely be the largest ever retailer liquidation, with 2,100 locations shuttering in the U.S. and Puerto Rico.

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Payless filed for bankruptcy just two years ago, but the report says it will happen again soon, as the company remains buried in debt after a 2012 buyout.

Payless has not commented on the story.

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