All 24 New Jersey Payless ShoeSource stores to close

Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico – including all 24 stores in New Jersey.

News 12 Staff

Feb 15, 2019, 11:53 PM

Updated 1,904 days ago

Share:

All 24 New Jersey Payless ShoeSource stores to close
Payless ShoeSource is shuttering all of its 2,100 remaining stores in the U.S. and Puerto Rico – including all 24 stores in New Jersey.
The Topeka, Kansas-based chain said Friday it will hold liquidation sales starting Sunday and wind down its e-commerce operations. All stores will remain open until at least the end of March and the majority will remain open until May.
The debt-burdened chain filed for Chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization.
At the time, it had over 4,400 stores in more than 30 countries. It emerged from restructuring four months later with about 3,500 stores and eliminated more than $435 million in debt.
The shoe store company joins Wayne-based Toys R Us as the latest iconic retailer to shut its doors due to financial issues.
Former Toys R Us officials stated earlier this week that there are some plans to bring the retailer back under a new name.
New Jersey officials also announced plans to introduce legislation to help workers who lose their jobs in mass layoffs. The bill would require employers to give 90 days notice of mass layoffs and also require employees to receive one week severance for every year they worked for the company.
The Associated Press wire services contributed to this report.


More from News 12
2:32
Keeping kids safe: Youth curfew now in effect for the city of Newark

Keeping kids safe: Youth curfew now in effect for the city of Newark

1:46
Officials: Man killed in house explosion in South River identified as retired Newark officer

Officials: Man killed in house explosion in South River identified as retired Newark officer

2:16
Cloudy skies overnight; rainy weekend ahead for New Jersey

Cloudy skies overnight; rainy weekend ahead for New Jersey

0:42
NJ lawmakers criticize how Rutgers officials negotiated with pro-Palestinian protesters

NJ lawmakers criticize how Rutgers officials negotiated with pro-Palestinian protesters

0:28
Special election to be held to fill late Rep. Donald Payne’s seat in Congress

Special election to be held to fill late Rep. Donald Payne’s seat in Congress

0:27
Prosecutor: 2 people seriously injured in 3-car crash; driver charged with drunk driving

Prosecutor: 2 people seriously injured in 3-car crash; driver charged with drunk driving

0:42
Jersey Proud: Army ROTC students from Rutgers, Seton Hall and Princeton train together

Jersey Proud: Army ROTC students from Rutgers, Seton Hall and Princeton train together

0:30
Police: New York man pointed knife at pro-Palestinian protester in Teaneck

Police: New York man pointed knife at pro-Palestinian protester in Teaneck

0:27
Officials: Paterson man threatened to ‘shoot up’ JFK Int’l Airport

Officials: Paterson man threatened to ‘shoot up’ JFK Int’l Airport

2:02
Authorities: Major fire displaces 20 people from 9 families in Elizabeth

Authorities: Major fire displaces 20 people from 9 families in Elizabeth

1:04
Hillsborough school officials vote to end middle school sports, make staff cuts amid budget cuts

Hillsborough school officials vote to end middle school sports, make staff cuts amid budget cuts

0:49
Bridgewater-Raritan School District waives fees to participate in clubs, sports

Bridgewater-Raritan School District waives fees to participate in clubs, sports

0:39
Officials: 3 pedestrians, including 2 children, struck by NYC-based news van in Elizabeth

Officials: 3 pedestrians, including 2 children, struck by NYC-based news van in Elizabeth

0:28
GoFundMe started for 6-month-old boy and his grandfather killed by fallen tree in Verona

GoFundMe started for 6-month-old boy and his grandfather killed by fallen tree in Verona

0:40
Main Street New Jersey: Restaurants, businesses to visit in Edgewater

Main Street New Jersey: Restaurants, businesses to visit in Edgewater

3:21
Bridge over section of I-95 in process of being demolished due to damage from truck fire

Bridge over section of I-95 in process of being demolished due to damage from truck fire

1:12
Several house fires break out Thursday in New Jersey; 1 man dead

Several house fires break out Thursday in New Jersey; 1 man dead

0:18
South Brunswick police searching for missing man last seen on Route 1

South Brunswick police searching for missing man last seen on Route 1

0:23
South Orange woman indicted for stealing over $1 million federal benefits intended for dead aunt

South Orange woman indicted for stealing over $1 million federal benefits intended for dead aunt

1:26
Look up! Annual Eta Aquarid meteor shower peaks early Sunday morning

Look up! Annual Eta Aquarid meteor shower peaks early Sunday morning