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Payless set to close all 2,300 US stores

Payless ShoeSource Inc plans to close all of its 2,300 U.S. stores when it files for bankruptcy, according to a report by Reuters.

The company plans on filing for bankruptcy later this month.

This will be their second time filing for bankruptcy in two years.

The company had been trying, unsuccessfully, to find a buyer.

Payless is the latest high-profile victim in a string of bankruptcies that have hit brick-and-mortar retail stores.

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