Payless ShoeSoucre To Declare Bankruptcy, Liquidate: Report

U.S. discount retailer Payless ShoeSource Inc. will close all of its approximately 2,300 stores when it files for bankruptcy for the second time in as many years, Reuters reported.

Payless would join Toys R Us and The Bon-Ton stores as among the highest-profile retailers to shut their stores and liquidate in the past 12 months.

According to the Reuters report, a sight chance exists that Payless could find a buyer after it files for bankruptcy. But the company is preparing to begin going-out-of business sales in the next week.

In southwestern Pennsylvania, Payless has stores in:

• Ross Park Mall.

• South Hills Village.

• Cranberry Commons.

• Dormont Village Shopping Center.

• The Mall at Robinson.

• West Mifflin.

• Wharton Square, South Side.

• Penn Hills Shopping Center.

• Monroeville Mall.

• Clearview Mall, Butler.

• Beaver Valley Mall.

• Olympia Shopping Center, McKeesport

• Belle Vernon.

• Westmoreland Mall.

• Trinity Point, Washington.

Photo: Getty Images.

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