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Find the Payless store near you having a liquidation sale

Payless ShoeSource is selling off everything in its 2,300 stores in the U.S., Puerto Rico and Canada, at initial discounts of up to 40% off.

The privately held bankrupt discount shoe retailer said the liquidation event, which it boasts will be the largest in U.S. retail history by store count, will continue until all $1 billion worth of merchandise, including furniture, fixtures and equipment, is gone.

The event is being held by a joint venture of firms, including B. Riley Financial Inc. RILY, +0.83% subsidiary Great American Group LLC and Tiger Capital Group.

“Since 1956, Payless has represented fashion-forward footwear and accessories at reasonable prices,” said Great American Retail Solutions President Scott Carpenter.

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