Payless releases list of stores closing after filing bankruptcy

FILE- This Aug. 23, 2006, file photo shows a Payless store front is seen in Philadelphia. Shoe chain Payless ShoeSource has filed for Chapter 11 bankruptcy protection, becoming the latest retailer to succumb to increasing competition from online rivals like Amazon. The retailer said Tuesday, April 4, 2017, that it will be immediately closing nearly 400 stores as part of the reorganization. (AP Photo/Matt Rourke, File)

TOPEKA, Kan. (KSNT) – Payless ShoeSource is closing four stores in Kansas along with nearly 400 other stores across the United States and Puerto Rico.

Payless ShoeSource released their list Wednesday morning of what stores will be closing after the company filed for Chapter 11 bankruptcy Tuesday.

The Payless stores in Emporia, Hutchinson, Liberal and Great Bend are expected to close.

To see the full list of stores closing CLICK HERE

The footwear retailer says it hopes that filing for bankruptcy will position the company for long term success by strengthening its balance sheet and restructuring its debt load.

Payless spokeswoman Meghan Spreer says the company is examining what steps must be taken to ensure the long term success of the business.

Spreer says they do not have current plans for additional layoffs in their Topeka headquarters office related to the bankruptcy.

“We regret the impact these closings will have on impacted associates and we are committed to treating them fairly.”

Payless Shoesource is an international company founded in Topeka in 1956.  It continues to be headquartered in Topeka.

Get breaking news, weather and traffic on the go. Download our News App and our Weather App for your phone and tablet. Follow us on Facebook and Twitter.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s