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“Any time an employer leaves the community, it’s a sad day,” he said.
Payless will close all 2,300 of its stores in the United States, a spokeswoman told the Dayton Daily News Friday afternoon. Liquidation sales at stores started Monday and the company is winding down e-commerce operations.
Store are expected to be open through at least March, with many remaining open until May.
Payless is reportedly preparing to file for bankruptcy, it’s second after emerging from an April 2017 filing about 18 months ago.
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Collective Brands, the former owner of Payless before private equity firms Golden Gate Capital and Blum Capital Partners bought Payless in 2012, first announced it would build the 600,000 square-foot Eastern Distribution Center in May 2007.
Local officials credited the Payless facility for bringing other major projects to the area, including the $90 million Proctor & Gamble, distribution center at the Dayton Airport.
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