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Tough Times For Payless Is Causing The Popular Retailer To File For Bankruptcy

Payless Shoesourcewere a staple of most malls when I was growing up and it looks like they are having a very tough time keeping their business afloat. According to several news outlets the popular retailer is filing for bankruptcy.

Reports show that they intend to file for bankruptcy in the coming weeks which will result in the closing of nearly 1,000 stores nationwide. The trouble stems from the influx in online shopping and consumers choosing to shop at home versus making the drive to the local mall or shopping center. Payless is just one of many well known stores that you normally saw in the mall closing their doors due to lack of revenue.

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