The Payless downsizing continues.
The shoe company confirmed in a June 12 list that the Woodbury, Minnesota, shop is closing. That location was labeled as "under negotiation" last month, meaning it was facing closure if they couldn't renegotiate certain terms.
The Rochester location was also on that list, and isn't a confirmed closing – but is on an updated "under negotiation" sheet. So it could get shut down yet.
And then there are two more stores being considered for the guillotine.
Consumerist reports Payless ShoeSource recently listed 81 more stores that could be closed, again depending on negotiations with property owners. On this new list are two more Minnesota locations: In Coon Rapids (at Riverdale Plaza) and in St. Cloud (at 4124 W. Division St.).
Payless now has about 27 stores in the state, but if Rochester, Coon Rapids and St. Cloud all go, the figure will drop even further.
So the bottom line is, definitely call a Payless if you plan to go there – because it very well might have gotten shut down since you last saw it.
See the original story from May 26 below.
It might not be just the Payless ShoeSource stores in Cottage Grove, Elk River, Medford and Moorhead that are on the chopping block.
Payless said in April it was closing 400 stores almost immediately as part of bankruptcy plans. Among those were the four Minnesota locations listed above.
But it turns out two others might also get the boot.
Payless this week listed its stores in Rochester and Woodbury as "under negotiation." This means they are in line to get shut down, depending on how negotiations turn out. There are about 400 total stores on that list.
So what's next?
Those negotiations are likely with the people/groups Payless owes money to. Bloomberg previously reported Payless was trying to renegotiate its debt, with the company struggling with the shift to online shopping. The website said Payless owes ten times more than it has.
The company this week also announced definite closures of about 100 stores across the country, but none were in Minnesota.
Payless has 28 stores in Minnesota left since four shut down in April, according to MyStore411, about half of which are in the Twin Cities area.
Overall, Payless has about 4,000 stores and employs around 22,000 people.
Payless is just one of the large retailers dealing with definite or possible store closures. Others include: