These Big Stores Are About To Shut Down This Year And Here’s Why

Payless

Payless ShoeSource is the company with the most planned store closures this year. To get rid of their merchandise and liquidate their stores, the company plans to close over 2,500 stores and hold clearance sales. Some stores will stay open until the end of May, while others will close by the end of March.

Payless

Gymboree

Gymboree Group Inc, a children’s clothing retailer, filed for Chapter 11 bankruptcy in mid-January. They also announced the closure of approximately 800 Gymboree and Crazy 8 stores in the US and Canada. Furthermore, it has halted online transactions and begun liquidation sales in its stores. Gymboree has filed for bankruptcy for the second time in the last two years. In 2017, the company shut down a number of locations.

Gymboree