Payless Shoes is pressing ahead with the closure of all 132 stores after administrators were unable to find a buyer for any part of the retail chain.
Administrator Ferrier Hodgson says about 750 staff will be made redundant and that all employee entitlements are expected to be paid in full, with the first 13 stores shutting doors for the last time this coming Saturday.
"Despite an extensive marketing campaign we have not received any acceptable offers that would enable us to sell all or part of the business," Ferrier Hodgson administrator Jim Sarantinos said in a statement.
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