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Payless Shoesource closing five stores in WNY

Payless Shoesource closing five stores in WNY
Posted at 12:00 PM, Apr 05, 2017
and last updated 2017-04-05 12:00:31-04

Payless Shoesource will be closing a number of stores in western New York as the company plans to reorganize $385 million in debt.

Payless announced Tuesday plans to close 400 stores in the United States as part of a Chapter 11 bankruptcy filing.

The five stores in western New York include:

  • Eastern Hills Shopping Center, Williamsville, NY
  • 5999 S Park Avenue, Hamburg, NY
  • 301 Meadow Drive, North Tonawanda, NY
  • Aurora Village Sc, East Aurora, NY
  • Eastgate Plaza, Williamsville, NY

The company will take an $80 million loan in order to help get out of bankruptcy.

The Kansas-based retailer has 4,400 locations spread across 30 nations and employs 22,000 associates.