Payless to file for bankruptcy, close 2,300 stores, according to report

Payless ShoeSource may be getting ready to close more than 2,000 stores.

Reuters reports the retailer plans to file for bankruptcy later this month. Going-out-of-business sales could start as soon as next week.

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Payless has been trying to find a new buyer. A group of creditors saved Payless in 2017, the last time the company filed for bankruptcy.