Image Credit: Pacific Fair, Gold Coast
This is actually truly heartbreaking… it is time to say goodbye to one of Australia’s most popular retailers.
We have learnt the devastating news that Payless Shoes has now closed all of its Australian stores.
Payless was known all across the country and was one of Australia’s biggest shoe retailers.
But sadly the company has been in trouble for quite some time.
Back in November last year, it was placed into administration for the second time in four years.
Administrator Jim Sarantinos said in a statement, "While we received a number of expressions of interest from various parties, there were no acceptable offers for the business as a whole.”
"We would particularly like to thank the Payless Shoes employees for their support during the administration process."
Within the last twelve months, we have also said goodbye to popular stores, Dick Smith, Pumpkin Patch and Masters.
This is so sad.