Pic'N Pay Stores Inc.

PositionStores to be liquidated - Brief Article

MATTHEWS -- For 43 years, it sold shoes. Now Matthews-based Pic'N Pay Stores Inc. is selling out. All 453 of its Pic'N Pay, Shoe World and Shoe City discount stores will be liquidated, possibly as soon as May 31. The company expects to sell its $112 million inventory for about $143 million, but the costs of those sales are likely to top $21...

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