Amarillo Payless Shoe Store Announces to Closure
Another nation chain closes in Amarillo. This story has played out similar to Sears closing earlier this years.
Back in April of 2017, Amarillo lost a Payless shoe location off of Amarillo Blvd in the companies attempt to downsize. Now following the announcement the company made on Monday more locations are set to close.
Payless Filled for Bankruptcies due to their roughly $435 million in debt. They stated in court that stores are not generating enough cash to properly pay for designs and merchandising.
Store closing sales at Amarillo locations will begin next week. Reports say discounts can range from 10%-50% off and will raise as they store gets closer to officially closing. No set date on when the stores will be closing their doors but you can expect it to be sometime during the end of March to the middle of May.