Payless has filed for bankruptcy and is closing all 2500 stores in North America.

The stores are expected to close sometime between March and May.

If you have any Payless gift cards then you need to use them up quickly. You can only use them until March 11th. The same goes for store credit.

As for returns and exchanges, you have until March 1st, as long as the items were purchased before February 17th.

This is the second time in two years that Payless has filed for bankruptcy protection.