Payless ShoeSource will close all of its remaining US stores

NEW YORK (AP) – Paylesss ShoeSource is closing its remaining 2,100 stores in the United States and Puerto Rico, joining a list of iconic names like Toys R Us and Bon-Ton that have been closed over the past year.

The chain based in Topeka, Kansas, announced Friday that it would hold liquidation sales starting Sunday and that it would cease its online trading activities. All stores will remain open until at least the end of March and most will remain until May.

The debt chain filed for chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization.

At the time, it had more than 4,400 stores in more than 30 countries. After having restructured its operations four months later, with approximately 3,500 stores, it eliminated a debt of more than $ 435 million.