Is discount shoe retailer Payless closing all of its 2,300 stores in the United States?
A report from Reuters cites a source who said the plans for closure will be in a Payless ShoeSource bankruptcy filing expected later this month.
If the bankruptcy filing happens it will be the second time in two years. The company has been trying to find a buyer, but attempts have been unsuccessful.
In the April 2017 bankruptcy filing, the company had $800 million in debt, court papers showed . A group of creditors took over ownership then.
Payless ShoeSource made headlines in November 2018 when it tricked social media influencers with a fake pop-up store called Palessi. Video shows influencers believing Payless shoes were more high-end.
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