Payless ShoeSource announced on Friday they are filing for bankruptcy and will be closing all 2100 store across the country and including here in Tri-Cities.
With the Kennewick Columbia Center Sears being the latest victim of the Sears Holdings bankruptcy, many are wondering what will happen to your card?
According to the financial website Clark.com, there are 5 likely scenarios;
your card might still work online
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Besides a long list of K Mart Stores, Sears Holdings (the parent company of the the two retail franchises) announced Friday 80 more Sears stores will close in March, including the Columbia Center location in Kennewick.
Sears has been fighting off bankruptcy for several years, in October they filed for Chapter 11 reorganizational bankruptcy in and order to try to save the chain...
Sears Holdings Inc. the parent company of Sears and K-Mart, announced Monday they would be filing Chapter 11 bankruptcy, and some 142 stores will be closed, on top of 42 already announced in August.
Fortunately, the only Sears closing in our state is the one in Bellingham, but several K Marts on the west side are going away, as is the Sears in Boise, ID...
Tuesday night, the Wall Street Journal reported Sears Holdings (the parent company of Sears and K-Mart) has hired a firm to being bankruptcy proceedings.
The report, which came after the markets closed on Wall Street, says Sears has hired M-III Partners to prepare the move, which could come as early as the end of this week...
The move will not result in any layoffs, say officials, but does provide protection for the hospital while it seeks ways to pare down and reorganize it's debt.