Payless declares bankruptcy in North America

(Photo: AP)
(Photo: AP)

NEW YORK (AP / WBOC) – Payless ShoeSource has filed for bankruptcy in Chapter 11 and is closing its remaining stores in North America.

The deposit Monday was held a day after the start of the company's sales in its North American stores. The shoe chain, based in Topeka, Kansas, has updated the number of stores planned, from 2,100 Friday to 2,500, while she confirmed her intention to liquidate her business. He recalled that the stores would remain open until at least the end of March and that the majority would remain open until the month of May.

On Delmarva, Payless ShoeSource has stores in the center of Salisbury Mall in Salisbury, Maryland, as well as in Dover Mall in Dover, Delaware.

The liquidation does not concern the company's franchise operations or its Latin American stores, which remain open as usual, he added.

The indebted chain filed for Chapter 11 bankruptcy protection for the first time in April 2017, closing hundreds of stores.

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