Payless Shoe Source is the latest store to announce closures of a number of stores. The discount shoe retailer has 4,400 stores in more than 30 countries. Unfortunately, 400 of these stores will be closing. The company has rolled out a special website, designated for the restructuring process, which features a list of store closings as well as updates on the process.
Payless is the latest store to file for bankruptcy in 2017. JCPenny, American Apparel, Sears, and Gamestop are amongst other retailers that have succumbed to e-commerce giants, such as Amazon.