Payless Lets Other Shoe Drop, Closing 475 Stores Over Next 3 Years

Customers of Payless ShoeSource have apparently taken the name of the business to heart, giving the company so little money that it has decided to shut down 475 poorly performing stores over the next three years. Of the shops — including sister franchise Stride Rite — being set up to be stomped, 300 are scheduled to be closed by the end of the fiscal year.

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