Payless
Payless ShoeSource had the most store closures this year out of all the companies that plan to close. To get rid of their merchandise and liquidate their businesses, the corporation plans to close over 2,500 stores and stage clearance discounts. Some establishments will stay open until May, while others will close by the end of March.
Gymboree
Gymboree Group Inc, a children’s clothing retailer, declared bankruptcy in mid-January. They also announced the closure of about 800 Gymboree and Crazy 8 stores in the United States and Canada. Furthermore, it has halted online purchases and begun liquidation sales in stores. Gymboree has filed for bankruptcy for the second time in the last two years. Just last year, the business shut down several outlets.