This Insider says that Payless shoe source has filed for bankruptcy for the second time in two years.

What does that mean for us in Texarkana?  Payless will close 2500 locations across the United States and all of the locations in Texarkana. The Payless company filed for chapter 11 bankruptcy 2 years ago and closed about 400 stores. Including the one on Arkansas Blvd. With this new filing, it will go out of business entirely.

The liquidation sales should start immediately with all of the stores closing between late March and late May. Store gift cars and store credit will stay in effect until March 11.

The company said
Payless' stores in Latin America, the US Virgin Islands, Guam and Saipan, and its international franchisee locations across the Middle East, India, Indonesia, Indochina, Philippines, and Africa, will continue operating business as usual.

What do you think needs to go into the locations on Richmond Road and Central Mall? Let us know in the comments.


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