Payless
Payless ShoeSource is the firm with the most shop closures planned for this year. To get rid of their inventory and sell their outlets, the company plans to liquidate over 2,500 locations and hold clearance sales. Some establishments will remain open until the end of May, while others will close by March 31.
Gymboree
Gymboree Group Inc, a children’s apparel store, filed for Chapter 11 bankruptcy protection in mid-January. They have announced the closure of around 800 Gymboree and Crazy 8 sites in the United States and Canada. It has ceased taking orders online and has begun liquidation sales in supermarkets. Gymboree has declared bankruptcy for the second time in the last two years. Last year, the company shut down a number of outlets.