Deals
Payless to Liquidate U.S. Stores, Wind Down Online Operations
- Sales to start on Feb. 17 for U.S. and Puerto Rico stores
- Liquidation won’t affect franchises or Latin American shops
Payless store in New York.
Photographer: Scott EellsThis article is for subscribers only.
Payless Inc. is liquidating its U.S. and Puerto Rico stores and shutting down its online operations as the upheaval in the retail industry claims its latest victim.
The discount shoe chain is starting liquidation sales on Feb. 17, and expects the stores to remain open until at least the end of March, according to a statement. The company was preparing to file for bankruptcy for the second time in two years, people with knowledge of the matter said last week.