CHICAGO — Four Payless Shoesource stores in the city will be closed under the company's reorganization plan.
Here are the Chicago locations set to close:
• Scottsdale Shopping Center, 4651 W. 79th St.
• 9047 S. Commercial Ave.
• 5607 W. Belmont Ave.
• Courtesy Plaza Shopping Center, 5160 S. Pulaski Rd.
The company did not announce a date when the stores will shut.
Payless' eight other stores in the city will remain open.
The list for closings for the entire country can be found here.
On Tuesday, Payless said it had filed for Chapter 11 bankruptcy protection and was closing 400 stores in the U.S. and Puerto Rico.
The company said it was aiming to expand its online sales.
“It’s been a downward spiral for traditional retailers,” Christian Magoon, CEO of Amplify ETFs, told CNN Money. “The model of online retailers is winning out.”
