Payless ShoeSource Canada will shut all 248 locations it has in Canada.
The discount footwear retailer announced Tuesday it intends to file for creditor protection in Canada.
Payless will shutter 2,100 stores in the U.S.
by the end of May, and its e-commerce operations are also shutting down.
Are Payless stores in Canada closing?
Payless ShoeSource Canada Inc. says it will soon file for creditor protection in Canada and close all 2,500 of its North American stores this spring. In a release the company says the closures are happening because “prior reorganization left the company ill-equipped for today’s retail environment.”
Is Payless closing 2019?
In 2019, the discount show retailer filed for bankruptcy again, and announced its plan to close all US stores. Payless is closing over 2,000 locations across the US, including Puerto Rico. There are still 1,400 franchised and licensed Payless stores around the world that have not been affected.
Is Payless closing?
Payless ShoeSource confirmed Friday that it will close its 2,100 stores in the U.S. and Puerto Rico and start liquidation sales Sunday. The company is also shuttering its e-commerce operations. The closings mark the biggest by a single chain this year and nearly doubles the number of retail stores set to close in 2019.
What day is Payless closing?
All of the stores will remain open until at least the end of March and the majority will remain open until May. Payless filed for Chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization. At the time, it had over 4,400 stores in more than 30 countries.