The company’s plans are to immediately close nearly 400 stores in United States, Canada and Puerto Rico.
En Costa Rica, the Payless stores will continue open.
On the contrary to what is happening in the U.S., the company announced that within the plans to compete in the market is an expansion in Latin America.
Carmen García, spokesperson for the company, told Elfinancierocr.com that neither the Costa Rica nor the Latin America stores will be affected by the situation in the United States.
Payless ShoeSource set foot in Costa Rica in 2000.
The company currently employs 180 people in the country and the latest store, a “super store” was recently opened in City Mall, in Alajuela.
Founded in 1956 in Topeka, Kansas, Payless operates some 4,400 stores in 30 countries and employs 25,000 people.