Or are they switching to that new concept of a superstore that will have a huge offering. But many smaller stores will close?
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The articles going around about 1000 stores closing are FALSE. While it is true the company is in debt (like most retailers) and there were some corporate layoffs, the number of stores set to close this year in the US are no more than normal.
Links:
http://www.bizjournals.com/kansascity/news/2017/02/13/payless-shoesource-could-close-1-000-stores.html
http://www.mcall.com/business/retail/mc-payless-said-to-be-in-negotiation-with-lenders-to-close-1-000-shoe-stores-20170210-story.html
True - 100% - will post a link later