Payless to close Ottawa-area shoe stores amid creditor protection, liquidation

Marco Green
February 21, 2019

The liquidation doesn't affect its franchise operations or its Latin American stores, which remain open for business as usual, it said.

TL;DR You have until the end of the month to return any item bought at Payless, and until March 11 to use a gift card.

They plan to close all 2,500 stores in North America by the spring, including all 248 stores in Canada.

No, the company stopped taking online orders last week.

The move comes just after Payless filed for bankruptcy in the USA and after Ohio-based shoe brand DSW Inc. shut down its Town Shoes Ltd. brand and the 38 stores it had in the country, blaming the changing market for its footwear.

He noted that the prior Chapter 11 proceedings left the company with too much debt and with too many stores.

The company said it opened 19 stores in eight countries in 2018 and plans to open new stores this year in countries where it already has a presence.

In 2017, Payless had filed for Chapter 11 bankruptcy but managed to turn around.

"Put simply, our Latin American and Caribbean business has been extremely solid, strong and successful".

"Latin America and the Caribbean has maintained a solid performance throughout the course of the 17 years that we have been operating in this market".

Other reports by Click Lancashire

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