Payless
Payless ShoeSource boasts the highest number of store closures among all the companies that plan to close this year. The company plans to close more than 2,500 stores and hold clearance sales to do away with their goods and liquidate their stores. Some stores will remain open until May, but the other ones will close by the last week of March.
Gymboree
Gymboree Group Inc is a children’s clothes retailer that filed for bankruptcy protection in mid-January. They also announced closing around 800 Gymboree and Crazy 8 stores across the United States and Canada. In addition, it has suspended online transactions and started liquidation sales in the stores as well. This is actually the second time that Gymboree has filed for bankruptcy in the span of two years. Just in 2017, the company halted operations in several stores.