Payless ShoeSource Could File Bankruptcy & Close Up To 500 Stores
Payless Shoesource is looking to file for bankruptcy as the retailer is struggling to keep up with the shift of consumers to online shopping. USA TODAY reports that Payless could be looking at closing up to 500 stores. Will the Miller Hill Mall location be spared?
Payless does have over 4,000 locations worldwide, so it's unclear where those closings could happen. Locally, the only remaining Payless is in the Miller Hill Mall. Payless discount shoes can also be purchased at Shopko in the Stone Ridge Shopping Center.
Many people remember going to Payless as a kid, walking through the aisles of the discount shoe store. I remember going to the one at the Thunderbird Mall in Virginia, Minnesota. That location closed recently.
We'll keep you updated as we know more about the future of Payless in the Twin Ports.