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When are Payless stores closing? It depends but some are staying open longer  1 Month ago

Source:   USA Today  

Some Payless ShoeSource stores are sticking around a little longer than expected.

While the Topeka, Kansas-based discount shoe retailer originally said in February that all of its approximately 2,300-plus U.S. and Canada stores would be shuttered by the end of May, some locations will be open in June.

"Our liquidation sales will continue to run through the end of June 2019, during which we are offering amazing deals at up to 75% off," Payless said in a message on its website. "Stores are closing on a rolling basis through June."

Several stores are still expected to close in May and are entering their final days. Hundreds of U.S. and Canada locations closed in March.

A store in Stuart, Florida, where discounts ranged from 60% to 90% Tuesday, had signs posted saying "LAST 6 DAYS!"

A list of store locations with their closing dates was not available Tuesday. Payless officials did not immediately respond to USA TODAY's request for comment.

However, during a federal bankruptcy court hearing in St. Louis last week, attorneys for Payless said the company had reached a settlement that would free up footwear inventory that had been held by a creditor after the company announced its liquidation plans.

Based on the agreement, the court approved a payment to the creditor that would enable the footwear to be shipped and sold through Payless' remaining stores and its online sales channels until sometime in June.

To find which stores are open, Payless suggests using the online store locator at Payless.com/locations.

All sales are final and stores no longer accept returns or store gift cards.

The 62-year-old footwear chain filed for bankruptcy protection Feb. 18 for the second time. The first time, the company arranged a deal to cut debts accumulated through a private equity deal, closed struggling stores and emerged from bankruptcy in 2017.

Payless plans to keep locations in dozens of other countries open, including 420 company-owned stores and 370 international franchisee stores.

"Although this marks a turning point for our North America business, the Payless brand continues to thrive in over 35 countries across the globe," Payless said on its website.

This year has been a tough year for retailers with more store closings announced than in all of 2018. With Monday's announcement that all Dressbarn stores will close, there have been more than 7,000 closings announced for 2019. 

In a report Friday, Coresight Research, a global market research firm, estimated "12,000 stores could be shuttered by the end of the year."

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