Update: Payless announced on Tuesday afternoon that it would be closing 400 stores immediately; however, the retail giant did not offer a list of the locations set to close. PNS will update this as more information is available.
Payless ShoeSource is expected to officially file for bankruptcy late this week or early next. The shoe giant currently owns over 4K stores worldwide; it’s expected to close between 400 and 500 locations in the U.S. as a result of the bankruptcy. There’s no official list of outlet closings as of today. Payless currently has one store in Florence.