Tag Archives: payless

More decline for Idaho: Payless to kill remaining 2,500 stores!

15 February 2019 (12:49 UTC-07 Tango 06) 26 Bahman 1397/09 Jumada t-Tania 1440/11 Bin-Yin 4717

The writing has been on the wall since Spring 2017, now it’s final, about 2-thousand-5-hundred (here’s a map) Payless shoe stores to be shutdown as part of the company’s plan to file for bankruptcy.

Payless in struggling Pine Ridge Mall, employees swear they've been told no shutdown for them

Payless in the struggling Pine Ridge Mall, Chubbuck, Idaho

In Spring 2017, employees of the Payless store in the Pine Ridge Mall, in Chubbuck, Idaho, survived a sudden Payless store shutdown operation which resulted in hundreds of stores across the U.S. being permanently closed almost over night. Just a few months later Payless administrators, based in Kansas, conducted another round of shutdowns as part of it’s first bankruptcy filing.

This final Payless shutdown is the result of a second, and obviously terminal bankruptcy filing, and comes just days after the Chubbuck ShopKo store, also on the Pine Ridge Mall property, fell victim to a massive nationwide shutdown.

Dying Payless wants to shutdown 800 stores!

01 JUN 2017 (14:22 UTC-07 Tango 06) 11 Khordad 1396/06 Ramadan 1438/07 Bing Wu 4715

Payless in the Pine Ridge Mall in Chubbuck, Idaho. It escaped the shutdowns announced in April, but will it survive this new round of shutdowns?

In April, Kansas based shoe seller Payless suddenly went bankrupt and shutdown 4-hundred U.S. stores!  Now Payless administrators have asked the bankruptcy court for permission to shutdown an additional 4-hundred, bringing the total so far this year to 8-hundred!

The new shutdown list adds stores in Hawaii, Connecticut, Louisiana, Arizona, New Jersey, Michigan, Florida, and “a whopping 117 stores in Texas and 132 in California”!  Administrators say the new additions to the shutdown list are the result of failed attempts to get the rents on the properties lowered.

‘Zombie’ Payless shoes suddenly shutters 400 stores! Another blow to the city of Chubbuck?

04 April 2017 (16:20 UTC-07 Tango 06) 15 Farvardin 1396/07 Rajab 1438/08 Jia Chen 4715

“…with the immediate closure of nearly 400 underperforming locations in the U.S. and Puerto Rico and work to aggressively manage the remaining real estate lease portfolio either by modifying terms, or evaluating closures of additional locations.”-Payless statement, 04 APR 2017

Despite Donald Trump running The White House, the Obama regime initiated apparel industry death spiral is ramping up.  Discount cheap-o shoe seller Payless suddenly ‘died’ today after filing for bankruptcy.

4-hundred U.S. stores forced to shutdown immediately!  The thousands of remaining stores around the world will undergo ‘managed’ shutdowns!  (click this link to the official shutdown list)

Payless is officially not dead, but should be considered a zombie retailer as executives struggle to keep the company going: “This is a difficult, but necessary, decision driven by the continued challenges of the retail environment, which will only intensify. We will build a stronger Payless for our customers, vendors and suppliers, associates, business partners and other stakeholders through this process. While we have had to make many tough choices, we appreciate the substantial support we have received from our lenders, who share our belief that we have a unique opportunity to enable Payless — the iconic American footwear retailer with one of the best-recognized global brands — to remain the go-to shoe store for customers in America and around the globe.”-Paul Jones, CEO

Payless in struggling Pine Ridge Mall, employees swear they've been told no shutdown for them

Payless in struggling Pine Ridge Mall, employees swear they’ve been told no shutdown for them

However, the Payless ShoeSource employees at the struggling Pine Ridge Mall in Chubbuck, Idaho, swear they are not being shutdown.  They claim that corporate administrators say the Chubbuck Payless is actually making money.

In related news, the Payless store in Pocatello, Idaho (which was quietly shutdown back in October 2016), was supposedly shutdown because of landlord/tenant problems, not lack of sales.

MORE ECONOMIC DECLINE: VANITY DIES IN IDAHO

U.S. RETAIL/BANKING/SERVICE SECTOR COLLAPSE, JANUARY 2017: Kansas based Payless shoe seller suddenly laid off 110 HQ employees!  Elsewhere, another 55 Payless employees were suddenly dumped.  Local news media say laid off employees were given no notice and were escorted out by security guards!

 U.S. RETAIL/BANKING/SERVICE SECTOR JOB LOSSES, OCTOBER 2016: Payless Shoes shutting down three stores in Illinois, right after Thanksgiving, blaming “landlord issues”.

U.S. JOB LOSSES & STORE CLOSINGS, SEPTEMBER 2014: NO MORE PAYLESS?

U.S. JOB LOSSES & STORE CLOSINGS, JANUARY 2013: Payless Shoes HQ in Topeka, Kansas, laid off 45 people and eliminated 97 vacant positions. New owners of Payless say the job cuts are an effort to keep the company operating.