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Payless ShoeSource to go out of business per report

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Photo courtesy of Dwight Burdette

UPDATE: Going out of business sales to begin on February 17th and expect stores to remain open until at least the end of March and the majority will remain open until May.

Payless ShoeSource is likely to go out of business, according to Reuters.

According to sources, the shoe store chain will file for bankruptcy for the second time later this month and liquidate all of their 2,300 locations.

According to the Reuters story, the company had been looking for a buyer and have been unsuccessful. After they file, there is a small chance they could still find a buyer.

Payless filed for bankruptcy in April 2017, and exited 18 months ago.

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