Payless to close all 2,100 US stores

Payless Shoe Source to shutter all of its remaining U.S. stores including 16 Utah locations

North Dakota locations set for closure include the Columbia Mall location in Grand Forks and the West Acres location in Fargo. It said liquidation sales begin Sunday and the e-commerce operations will start "winding down".

Shoppers are increasingly shifting their buying online or heading to discount stores like T.J. Maxx to grab deals on name-brand shoes. The company could file for bankruptcy for a second time by the end of the month, according to reports.

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Payless was founded in 1956, and as of January, it had about about 3,600 bricks-and-mortar stores worldwide, including about 2,300 in the USA, operating in all 50 states. A spokeperson said its global franchises and Latin American stores will not be affected. Retailers including Shopko, FullBeauty Brands, Charlotte Russe, Things Remembered and Gymboree have filed for bankruptcy this year. It emerged with fewer stores, its debt cut in half and creditors owning the company.

Payless is just the latest brick and mortar retailer to fall victim to bankruptcy. "Without bold action, the retail landscape will continue to be scattered with bankruptcies".

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