5 years, 2 months ago by Scott Hardy
Would include stores in Quincy Mall and inside Quincy Shopko
Another national retail chain with stores in Quincy could announce its' closing later this month.
Reuters reported Thursday that Payless ShoeSource plans to close all of its nearly 23 hundred stores when it files for bankruptcy later this month for the second time in as many years. That would include the stores in the Quincy Mall, and inside Shopko. Reuters says that the move would make Payless one of the most high-profile victims of the string of bankruptcies that have hit the brick-and-mortar retail sector as more shopping is done online. Toys “R” Us and The Bon-Ton Stores are among the retailers that shut their stores in liquidations in the last 12 months. Payless had been trying unsuccessfully to find a buyer. After no such deal could be clinched, the Topeka, Kansas-based company has decided to initiate preparations to liquidate.
There is still a small chance a buyer could emerge after Payless files for bankruptcy, according to sources. In the meantime, the company is preparing to run going-out-of-business sales at its shops in the next week.
