International and publicly traded company, Payless Shoesource announced on Thursday, February 14, 2019 that it has filed for bankruptcy and will be closing all 2,000+ their stores. This comes after filing previously for Chapter 11 Bankruptcy in 2017.
There are 17 locations of Payless in Arkansas. One is located in Benton at 1516 Military Road. The company said in a statement that they plan to begin liquidation sales on Sunday, February 17th, and should end business sometime in March.
The Payless corporate website describes the company as the largest specialty family footwear retailer in the Western Hemisphere, offering a trend-right and comprehensive range of everyday and special occasion shoes and accessory items at affordable prices for every member of the family. The company was founded in 1956 by cousins Louis and Shaol Pozez. Its headquarters is in Dallas, Texas.