COLUMBUS (AP/WCMH) – Shoe chain Payless ShoeSource has released the list of Ohio stores closing after the company’s bankruptcy filing.
The Topeka, Kansas-based retailer said Tuesday that it will be closing nearly 400 stores as part of the reorganization. It has over 4,400 stores in more than 30 countries and was founded in 1956.
Payless plans to reduce its debt by almost 50 percent, lower how much it pays in interest and line up funds. The company says some of its lenders have agreed make available up to $385 million to keep the stores running.
In a statement, Payless CEO W. Paul Jones called the move a “difficult, but necessary decision driven by the continued challenges of the retail environment.”
The following central Ohio stores are affected:
- Eastland Mall Columbus OH
- 3390 S High St Columbus OH
- Knox Village Square Mount Vernon OH
- 805 Memorial Drive Lancaster OH
The following other locations in Ohio affected:
- 642 Race St Cincinnati OH
- Delhi Shopping Center Cincinnati OH
- Chapel Hill Mall Akron OH
- Tri-County Mall Springdale OH
- Vineyard Plaza Eastlake OH
- Midway Mall Elyria OH
- East Gate S/C Lima OH
- 1932 Lincoln Way E Massillon OH 4