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February closure announced after administrators unable to find a buyer for the retail chain

Payless Shoes is expected to close all of its 132 stores in February after the administrators were unable to find a buyer for the retailer.

Administrator Ferrier Hodgson says about 730 staff will be affected and that employee entitlements are expected to be paid in full, although some jobs could still be saved if the business can be broken up and sold piecemeal.

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Read original news at The Guardian


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