Twenty-two Payless Shoe Stores Will Close In New York

posted by WKIP -

Twenty-two Payless Shoe Source stores in New York plan to close.  

The national retail shoe giant announced this week that it is filing for Chapter 11 Bankruptcy protection and will close 400 stores around the country.  The only local Payless store scheduled for closure is in Harriman Commons in Orange County.

In a statement Payless says, “we intend to use the Chapter 11 process to implement a comprehensive path forward to meaningfully enhance our growth profile and profitability, positioning us to continue to thrive as a sustainable business in the face of the retail industry’s radical, unprecedented transformation.”


Photo:  flickr, Kai Schreiber

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