All Payless Stores, Including Menlo Park's, Could Close: Report

Payless ShoeSource plans to close all of its U.S. stores, including one in Edison, as part of a bankruptcy filing later this month, Reuters is reporting.

The closings would affect about 2,300 U.S. stores and the company is preparing for going-out-of-business sales at the locations, according to the Reuters report. Sources told Reuters that a buyer could still crop up.

Payless currently operates over 2,700 stores in North America and Puerto Rico, including the Menlo Park Mall location.

As part of a bankruptcy filing in 2017, Payless closed nearly 700 stores.

Payless did not immediately respond to a request for comment.

News of the potential store closings comes as another big retailer, Sears, narrowly escaped going out of business. Earlier this month, a bankruptcy judge approved a $5.7 billion bid to keep the business operating.

You can read the full Reuters report here.

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