While many cities across the country may have empty buildings after Payless ShoeSource closes all its locations, commercial real estate agencies told KTSM that El Paso locations will likely become a new stores fairly quickly.
“Any retailer interested in taking those locations will probably move on them fast,” said Adam Frank the president of River Oaks Properties.
River Oaks Properties said anything from retail to a restaurant is expected to fill the current Payless ShoSource locations.
Carl’s Jr on McRae and Wedgewood for example was once a Payless ShoeSource before the company filed for bankruptcy in 2017. Stanton Optical on Sunland Park near Mesa Hills was also previously a Payless.
“The other discount retailers, rack room, shoe show, DSW are all very very successful in El Paso and will continue to operate and some of those competitors may actually take the Payless spaces,” said Frank.
Customers hope that’s the case.
“I would like for there to be another shoe store similar to that one because they have really good prices,” said Raul Quezada who shops at Payless.
River Oaks Properties said it’s not just that the discount shoe stores are in a prime location but also because retail does better in El Paso than many other cities.
“The retail market is very strong in El Paso. We obviously get a lot of cross border traffic from Mexico,” said Frank.
While many brick and morter stores close due to online sale increases throughout the country, discount retails stores seem to thrive in El Paso.
“All the clothing stores, the Ross, TJ Maxx, Rack Room Shoes are all very successful in El Paso and will continue to be,” said Frank.
It’s unclear when the Payless ShoeSources in El Paso will close for good but there are already liquidation sales.