Idaho Payless Shoes Shutting Down
Payless Shoes are shutting down 400 to 500 stores while they filing for bankruptcy as early as next week and yes, this includes Idaho stores.
Payless was originally going to shut down 1,000 stores but that's been cut in half as they attempt to reorganize and figure out what the future holds for their brand. The future most likely will include more online shopping for consumers.
In 2012 Payless was bought by private equity firms Golden Gate Capital and Blum Capital Partners as part of the breakup of publicly traded Collective Brands Inc. This company employs around 22,000 people and has more than 4,000 stores in 30 countries.
The details of which stores that will be shut down have not been released yet. Payless has four locations in the Treasure Valley that may be affected.
Boise Towne Square
350 N Milwaukee St Suite 2028, Boise, ID 83704-0100
Westpark Towne Plaza
411 N Milwaukee #B2 , Boise, ID 83704-9140
108 East Fairview Ave , Meridian, ID 83642-1733
5216 E Cleveland Blvd Suite J, Caldwell, ID 83607-8124