Traditional brick and mortar stores have taken a beating from the contemporary online business competitors. For old school business models that failed to stay in touch with the times, this is a blow to their loyal customers. For online stores that continue to boom, these traditional stores haven’t posed a threat in quite a while.
Payless ShoeSource shoes started off as a cheap shoe store and enjoyed some popularity. This popularity has declined, though, as the quality provided was not up to expectations. More than 2,500 stores will be closed this year. Clearance sales are underway to save what is possible between now and May 2020, when the last of these closures will be liquidated.