Payless ShoeSource will be closing all of its U.S. stores, according to a business story from Reuters.

Reuters said the company will file for bankruptcy later this month – the second time in two years – and close all 2,300 locations.

Payless has seven stores in Alaska including Soldotna, Wasilla, Fairbanks, Juneau and three locations in Anchorage. Local stores referred requests for comment to corporate officials Friday.

The report said the company is preparing to sell off all of its inventory.

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