Payless
Of all the businesses that intend to close this year, Payless ShoeSource has the most store closures. To get rid of their inventory and liquidate their outlets, the company expects to shut over 2,500 stores and conduct clearance sales. Some stores will remain open until May, while others will close by the end of March.
Payless
Gymboree
Gymboree Group Inc, a children’s clothing chain, filed for Chapter 11 bankruptcy in mid-January. They have announced the closure of approximately 800 Gymboree and Crazy 8 stores in the United States and Canada. It has halted online purchases and has begun liquidation sales in supermarkets. Gymboree has filed for bankruptcy for the second time in the last two years. A variety of stores were shuttered by the company only last year.
Gymboree