It is a very sad day. Today, Payless Shoes has announced in a statement that they can no longer compete against online retail giants like Amazon.ca - and they are filing for bankruptcy. That being said, their plan for the very near future is to close up anywhere between 400 and 500 Payless Shoes retail stores across the world.
Payless Shoes does have over 4,400 different retail stores worldwide, but they are starting to close some of them up While I am sad to see them go, as they have provided my children with an infinity of affordable footwear options, it will mean that we can score some pretty spiffy closing-deal discounts in the coming weeks.
Their next step is to make some aggressive changes so they have a higher chance of competing with their online competitors.