Payless Shoe Source Out!

Iconic shoe store Payless heads to the pearly gates.

While Donald J. Trump declared a national emergency for a stupid border wall, we just got word that a major retailer is closing up for good and it will leave thousands of workers out of a job.

Payless Shoe Source is gone. Another major retailer has filed for Chapter 7 liquidation and will close all its stores in the United States and Canada. This will put possible 45,000 employees out of a job.

That includes the distribution center in Brookville, Ohio. That distribution center has been in place for nearly 10 years.

This is going to hurt the fashion industry. This is going to hurt the bottom line.

Payless filed for bankruptcy in 2017 and closed nearly 500 stores. The retailer has nearly 2,700 stores in North America.

There is a small chance that Payless could rescind its decision. They are looking for a buyer who is willing to buyout the company and pull it from the brink of disaster.

However, the liquidation option is still on the table and it looks forward to close up all stores.

Malls and stand alone stores will take the hit. There are locations in the Dayton region. There is a distribution plant in the area. It's the Midwestern regional center and it will likely leave another hole in the rust belt city.

Toys "R" Us and The Bon-Ton Stores are among the retailers that have disappeared from the retail landscape in the last 12 months.

So much winning in Trump's America.

Women wear shoes. I mean that place sold sneakers, boots, athletic shoes, dress shoes and accessories.

This adds to the list of other companies that shuttered or filed for bankruptcy.

GAP, Gymboree, Things Remembered, Crazy 8 and others fell victim to the Retail Apocalypse.