May 27, 2017
Payless Shoes location at Florence Mall closing
Florence KY: Payless ShoeSource at Florence Mall is the only local location in the latest round of closings as the company attempts to emerge from bankruptcy protection.
Payless ShoeSource, the world's most reliable source for glitter-covered ballet flats for under $10, filed for Chapter 11 bankruptcy protection in April, and immediately began the closing process for 400 stores, around 10% of its footprint. Now the chain has asked the bankruptcy court for permission to close an additional 408 stores.
^ Payless ShoeSource at Florence Mall is the only local location in the latest round of closings
Consumer Reports has published the list and only the Florence Mall store will close. Others in the Northern Kentucky and Cincinnati area will stay open, at least for now.
The chain has another store in Florence, on Houston Rd. That one will stay open for business.
Keep in mind that this isnít a final list of stores that will be closing, notes Consumer Reports. It's a list of stores where the company hasnít been able to negotiate a good enough rent concession, and itís asking for permission to close these stores if the retailer and its landlords canít negotiate a rent that both parties are happy with. There will be a hearing on this motion, among others, on June 8.
Posted by Richard Hines
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Payless Shoes at Florence Mall closing