Payless
Payless ShoeSource was one of the companies that had the most store closures planned for the year. Payless ShoeSource would eliminate its inventory, sell its branches, liquidate 2,500 stores and initiate clearance sales. A few of its outlets would stay open until the end of May, but most of the stores would be closed by March 31.
Gymboree
Gymboree Group Inc was one of the children’s clothing stores that filed for Chapter 11 bankruptcy in mid-January. Gymboree Group Inc officially announced its eight hundred Gymboree and Crazy 8 branches across the United States and Canada. The company stopped accepting online orders and started liquidating its supermarket sales. Gymboree declared bankruptcy twice within two years and shut down several of its outlets last year.