Payless Shoes Stores Closing Down

Thursday, April 6, 2017

 

 


A nationwide discount shoe store is closing the doors to 400 locations- including one in Calhoun County. The Payless Shoes store at the Quintard Mall is one of six locations in Alabama on the list of closures. Payless is the latest retail company to suffer from the increased online sales competition. The company filed for bankruptcy and released a statement announcing the closure of 400 underperforming stores in the U.S. and Puerto Rico. The company's bankruptcy file lists one-billion dollars in assets and 10-billion dollars in liabilities.

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