Payless ShoeSource To Close Yorktown Heights Store

YORKTOWN, NY — One of the three Payless ShoeSource stores in the Yorktown area will be closing as part of a debt restructuring deal, the family footwear retailer said Wednesday. Payless announced Tuesday it has filed for Chapter 11 bankruptcy and plans to close 400 underperforming stores in the United States and Puerto Rico.

The store in the Yorktown Green Shopping Center has been slated to close. Alternate locations for Payless that will remain open include the store in the Jefferson Valley Mall and one in Mohegan Lake, at 3137 Main St.

Payless has approximately 58 stores statewide.

The Kansas-based chain, founded in 1956, currently 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.

“This is a difficult, but necessary, decision driven by the continued challenges of the retail environment, which will only intensify,” Paul Jones, Payless Chief Executive Officer, said in a press release. “We will build a stronger Payless for our customers, vendors and suppliers, associates, business partners and other stakeholders through this process.”

Paige McAtee (Patch Staff) contributed to this report

Patch photo