HANFORD — Payless Shoesource quietly closed eight Central Valley Stores at the end of July, including the store located in Hanford on 12th Avenue in the Target shopping center.
The store is completely empty now, but a sign on the window tells customers to visit the other nearby Payless Shoesource store, located inside the Hanford Mall on Lacey Boulevard.
In April, Payless filed for Chapter 11 bankruptcy in an effort to “restructure” the business to “strengthen its balance sheet and position the company for long-term success.”
A statement on the company’s website reads: “We intend to use the Chapter 11 process to implement a comprehensive path forward to meaningfully enhance our growth profile and profitability, positioning us to continue to thrive as a sustainable business in the face of the retail industry’s radical, unprecedented transformation.”
Along with filing bankruptcy, the retailer that once boasted 3,500 locations worldwide also announced it would close the doors on hundreds of stores across the nation. The eight stores closed in the Valley include five stores located in Fresno, and one each in Merced, Hanford and Visalia.
Meghan Spreer, a spokeswoman for the company, said Payless employees were the first to be made aware of any changes in the company, and were relocated to nearby stores if it were possible.