The Closing of Payless Will Be Affecting The LI Workers
Kathie Heloskie rushed there as quickly as she might, after listening to the information. Payless ShoeSource is closing all its North American shops, leaving the Seaford resident in a bind for locating inexpensive, snug footwear for work, she mentioned on Tuesday afternoon whereas standing exterior the chain’s location within the North Massapequa Purchasing Heart. “I work five days every week, eight hours a day, typically longer. These are the most effective sneakers for me,” mentioned Heloskie, 67, an entrance-desk attendant at a lodge, as she held a bag containing two new pairs of Dexflex Consolation flats she had purchased from Payless.
The low-cost shoe retailer’s 30 shops on Lengthy Island will likely be among the many 2,500 North American shops the chain will shut beginning in March, following Chapter 11chapter safety submitting by Payless Holdings LLC on Monday within the U.S. Chapter Courtroom for the Jap District of Missouri.
Consultants anticipate the losses on Lengthy Island to have an even bigger impression on jobs than on lengthy-time period retailer emptiness charges or shoe buying choices. “The sneakers might be purchased elsewhere, that’s straightforward. However, the jobs misplaced to get replaced — not as straightforward. Tax income misplaced is minimal as footwear sale, and the tax on it is going to be shifted to different shops,” mentioned Marshall Cohen, chief business adviser for the NPD Group Inc., a market analysis agency in Port Washington. “So all in all, [a] huge loss for LI? Jobs-sensible, sure. Income-clever, no, apart from e-commerce enterprise changing retailer enterprise,” Cohen added.
Based in 1956 in Topeka, Kansas, Payless Holdings employs about 13,700 individuals in the USA, Puerto Rico, the U.S. Virgin Islands, and Guam, in addition to about 2,400 folks in Canada, in keeping with this week’s chapter submitting. Solely the chain’s U.S., Puerto Rico and Canada shops are closing. The overwhelming majority of Payless shops staff work half-time.