Why Is Payless Canada Closing?

Why is Payless closing?

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Payless ShoeSource filed for bankruptcy for the second time on February 15, with the clear intention of closing all 2,100 locations in the United States and Puerto Rico.

Are Payless stores closing in Canada?

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.”

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.

Is Payless Shoes closing in Canada 2019?

Chain has 2,500 locations across North America, including 248 in Canada employing 2,400. Payless Shoes is going into creditor protection in the U.S. and Canada, where it will likely close all its stores.