Payless closing all U.S. stores

Payless Shoesource, located inside the Beaver Dam Shopko, is slated to close. Payless first filed for bankruptcy in April 2017 and did some major restructuring. But the chain is expected to file for a second time this month and close all of its locations.

The Beaver Dam Shopko has been dealt another blow. Its pharmacy ceased operations Jan. 30 and now Payless ShoeSource, located inside the store, is set to close as well.

Payless ShoeSource announced Friday it is closing all of its 2,100 remaining stores in the U.S. and Puerto Rico.

The debt-burdened chain filed for Chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization.

Payless locations will hold liquidation sales and remain open until at least the end of March and the majority will remain open until May.

Payless was founded in 1956 by cousins Louis and Shaol Lee Pozez. The privately held company employs more than 18,000 people worldwide.

When Payless ShoeSource first came to Beaver Dam, it was housed in its own building at 800 Park Ave. The company eventually opened inside Shopko and closed its former location. The Shopko Hometown stores in Mayville and Columbus also currently sell Payless branded shoes.

Shopko is facing its own round of closures. It announced Feb. 6 that the Mayville and Columbus stores are among those slated to be shuttered.

As of Monday afternoon, liquidation sales had not started yet in Beaver Dam and employees had not been notified when they would begin.

Messages left with Payless ShoeSource and Shopko on Monday were not returned in time for this report.

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