Three Central Texas Payless ShoeSource stores are closing.
The discount footwear chain sought bankruptcy court protection Tuesday it will close 378 stores after facing competition from online retailers and other setbacks.
Payless filed a Chapter 11 reorganization petition in U.S. Bankruptcy Court in Missouri that said the company has as much as $1 billion in assets and up to $10 billion in liabilities, along with more than 1000,000 creditors.
The company said initial filings in its bankruptcy case will seek court authorization to pay pre-filing wages, salaries and benefits, honor customer programs and pay company vendors and suppliers for all goods.
Central Texas store closures:
Killeen: Killeen Mall
Bellmead: Eastgate Shopping Center
Copperas Cove: 301 Constitution Drive
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