Sources: Payless to close up to 500 stores

(Photo courtesy of Payless)

TOPEKA, Kan. (WIVB) — Another nationwide retailer will be closing hundreds of stores.

Payless is reportedly getting ready to close up to 500 stores in the coming weeks and months as it tries to restructure.

Payless is more than $665 million in debt and on the verge of bankruptcy.

Bloomberg News sources say Payless could file Chapter 11 bankruptcy as soon as next week.

It is not clear if any local stores will be effected. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s