Payless Declares Bankruptcy, Will Close All Stores, 40+ In DFW

(Topeka, KS)  —  Payless ShoeSource reportedly plans to file for bankruptcy this month and close all of its retail outlets, including 44 in North Texas.

The Kansas-based company filed for bankruptcy two years ago, closing 400 stores.  Payless emerged from bankruptcy about four months later with a reduced debt load and under ownership by creditors.  The company has been trying unsuccessfully to find a buyer, but now plans to liquidate and close all of its more than two-thousand stores.

Last year the company moved its headquarters from Topeka to Dallas.  Here’s a link to the stores in North Texas