Nine West is getting ready to lace up its walking boots.

The once-ubiquitous mall retailer that became a destination for stilettos, clogs and handbags has been shrinking a few sizes lately — and its stores may soon get boxed up for good, The Post has learned.

The 40-year-old brand founded by the late designer Vince Camuto is facing retail extinction as the remaining 25 stores across the country — down from about 227 a decade ago — appear to be on limited time.

That’s because Nine West Holdings, owned by private equity firm Sycamore Partners, is mulling an auction proceeding that could spur a liquidation of the chain, according to sources familiar with the situation.

“The equity is gone and the lenders are fed up,” said a source familiar with the situation. “They want to figure out how to get their money back.”

A Sycamore spokesman declined to comment.

Licensing firms have been approached to determine their interest in the company’s brands, which include Anne Klein, Gloria Vanderbilt, l.e.i., Givenchy Jewelry and 14 others, which are sold in department stores and whichhave been hit hard by the shopping mall downturn.

In New…