Business & Tech

Payless Shoesource Shutters NH Location in Mass Closings

Less than two weeks after filing for bankruptcy, the company is closing 400 stores.

NEWINGTON, NH - Payless ShoeSource, which filed for bankruptcy less than two weeks ago, will immediately close 400 stores in the U.S. and Puerto Rico, including one in the Newington Mall.

Founded in 1956, Payless operates 4,400 stores in 30 countries, including 3,600 in North America.

In January, Reuters reported Payless was in debt to the tune of $655 million.

Find out what's happening in Portsmouthfor free with the latest updates from Patch.

The Fox Run Mall location is the only one affected in New Hampshire.

Patch file photo

Find out what's happening in Portsmouthfor free with the latest updates from Patch.

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