Payless Shoe Source filed for Chapter 11 bankruptcy late Monday, with USA Today reporting that the retail chain plans to close all 2,500 store locations in the U.S. and Canada. The outlet adds that Payless has already shut down its online sales; its brick-and-mortar stores, meanwhile, may shutter as soon as late March, although "many" could remain open until May. Payless is expected to honor gift cards and store credit through March 11. Payless first filed for bankruptcy last year, which resulted in the closing of about 900 stores.
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