Cherry Hill Mall Payless Targeted For Possible Closing

CHERRY HILL, NJ — More changes may be in the works at the Cherry Hill Mall, although bargain shoe hunters may not be happy about it. Payless may be closing its store at the mall.

Payless has asked a federal bankruptcy court for permission to close 112 stores, including the Cherry Hill location, and potentially another 296 if conditions don't improve, Fortune.com reported.

Closure is not a certainty yet, and a final decision depends on bankruptcy negotiations. A court hearing on the potential closures is set for June 8.

"We remain hopeful that these negotiations will be successful and provide us with the ability to avoid additional closures," according to the Payless website.

Seven stores closed in April. If approved, another 10 stores could close:

• 1705 Wildwood Blvd, Middle Township
• Collegetown Shopping Center, Glassboro
• Valley Brook Avenue in Lyndhurst
• Route 46 in Parsippany
• Woodbridge Center Mall in Woodbridge
• Cherry Hill Mall in Cherry Hill
• Cumerland Mall in Vineland
• Hillsborough Promenade in Hillsborough
• Walmart Center in North Bergen

This round of closures could bring the total number of shuttered Payless locations to 800.

The possible closure is announced as the Cherry Hill Mall gets set to welcome Zara, one of the largest international fashion retailers, to the mall. Zara is tentatively set to open in November, and will occupy about 26,000 square feet of space between Macy’s and Nordstrom. Zara offers apparel and accessories for men, women and children.

Image via Mike Mozart, Flickr.