570:
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585:
323:
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142:
27:
462:: In 2013, Payless ShoesSource bought Payless Shoes Australia's full 150 stores, which has operated since 1980 out of administration. Previously, these two companies did not have any affiliation. On December 13, 2016, it was reported that all Payless shoe stores were to be closed in Australia with the loss of 730 jobs.
346:
Starting in 1972, Volume Shoe began to consolidate stores in proximity and convert others to the "Payless" brand. The St. Louis operation of "'Hill
Brothers Self Service'" stores were known for their bare bones minimalism and the slogan "two for five – man alive!", that is, women and children's shoes
342:
and converted all 25 of their stores to the "Payless" name. In 1971, Volume Shoe obtained the second Hill
Brothers Shoe Store chain that was started in St. Louis, Mo in 1956 by Al Melnick and Sol Nathanson with the assistance and aid of the original Hill Brothers in Kansas City. The St. Louis version
687:
On
October 9, 2012, Collective Brands, Inc. announced its acquisition by Golden Gate Capital and Blum Capital was completed. As a result, Payless ShoeSource and Collective Licensing International operate as a private, standalone entity known as Payless Holdings. As part of the transaction, Wolverine
296:
In 2019, North
American stores including their e-commerce platform filed for bankruptcy. The filing excluded stores outside of North America, which will continue to operate. Payless emerged from bankruptcy on January 16, 2020, and on August 18, 2020, Payless officially dropped 'ShoeSource' from its
424:
On
February 14, 2019, Payless filed for bankruptcy again for a second time and this time they closed all 2,100 stores in the United States by May 2019. On February 19, 2019, it announced would also close 248 stores in Canada. The 790 stores across Latin America and the other stores internationally
667:
Payless, operating as
Collective Brands, Inc. formed a division called Collective Licensing International, LLC (CLI) in January 2004, which was based in Englewood, Colorado. CLI held and owned various clothing and sport brands, particularly "youth lifestyle brands" and board-sport brands such as
437:
site. On August 18, 2020, Payless, officially dropping 'Shoesource' from its name, did relaunch its e-commerce website. It also announced plans to open between 300 and 500 free-standing stores in North
America over the next five years and relocated its company headquarters from Topeka, Kansas to
680:, Sugarboards, Carve, genetic, Dukes, Rage, Ultra-Wheels, Hind, Spot Bilt and Skate Attack. The primary purpose of the division was to develop brands and provide them with marketing and branding guidance in various markets. In 2010, CLI acquired Above The Rim from
337:
Pay-Less
National was founded in 1956 in Topeka, Kansas, by two cousins, Louis and Shaol Pozez, to open self-service stores selling budget footwear. Circa 1962–1963, Volume Shoe company purchased the original Hill Brothers Shoe Company based in
688:
World Wide, a
Michigan-based boot and shoe manufacturer, acquired Stride Rite Corporation including its Sperry Top-Sider, Keds, Saucony, and other brands from Collective Brands, Inc. The purchase was valued at $ 2 billion, including debt.
456:: In 2014, Payless opened its first store in St. Lucia at the Baywalk Mall in Gros-Islet. This is one of two Payless stores located on the island of St. Lucia. Antigua, Grenada, St. Kitts, Dominica and St. Vincent all have one store each.
815:
1586:
429:
marketing professor and interim director Cheryl H. Bridges then surmised that
Payless did not heed the changing retail landscape and "reinvent its stores" quickly enough to stay competitive in a more crowded market.
343:
of "'Hill Brothers Self Service Shoe Store'" went from 3 to 103 stores in the Midwest and South between 1956 and 1971. Volume Shoe originally operated the 103 stores under the "Hill Brothers Self Service" name.
403:
Payless emerged from bankruptcy court protection in August 2017. The company was the first among a group of retailers going through bankruptcy since 2016 to successfully complete the process of restructuring.
664:. In 2006, Stride Rite purchased footwear brand Robeez. Payless purchased many of these companies during the 2000s, and on August 16, 2007, the company changed its name to Collective Brands, Inc.
1175:
819:
1692:
544:
its 15th franchise country. It will also adopt Payless's new Hot Zone format and purchase products directly from the seasonal assortments, with slight adjustments for local needs.
396:. It has $ 100 million in loans that will come due in the next five years. The company's bankruptcy announcement was part of a trend of retail closures in 2016–2017 known as the
1702:
1697:
1291:
1100:
369:
discount stores, replacing J. Baker. As part of a major restructuring, Payless announced in 2004 that it will close down the Parade chain and hundreds of Payless outlets.
1707:
1313:
281:
for US$ 1.32 billion. On December 13, 2016 it was reported that all Payless shoe stores in Australia were to be closed with the loss of 730 jobs. On July 14, 2014,
392:
and closed 673 stores nationwide. Prior to the bankruptcy, heavily loaded with debt due to a private equity buy out, the company's credit rating was downgraded by
569:
1150:
907:
842:
1667:
715:
1200:
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1712:
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1049:
1677:
1672:
1265:
1682:
1587:"Authentic Brands Group, LLC Acquires Collective Licensing, LP, Including Iconic Global Lifestyle Brand 'Airwalk,' From Payless Holdings LLC"
1737:
1727:
450:: At the end of 2018, Payless had 248 stores in Canada, however, it was announced in February 2019 that all of the stores would be closed.
1227:
1687:
1542:
365:
Payless acquired the mid-priced shoe chain Parade of Shoes from J. Baker, Inc. in 1997. It opened locations on the sales floor inside
816:"PAYLESS SHOESOURCE ANNOUNCES CLOSE OF STRIDE RITE ACQUISITION AND HOLDING COMPANY NAME CHANGE TO COLLECTIVE BRANDS, INC. – Payless"
254:
straps instead of laces. In 1996, Payless became an independent publicly held company. In 2004, Payless announced it would exit the
877:
389:
90:
1437:
1344:
793:
584:
1662:
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and Singapore within the same year and under the same management. Payless operates 19 stores throughout Indonesia currently.
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acquired some assets from Payless's division Collective Licensing International, LLC, which included brands such as
1491:
980:
852:
1266:"Payless Files for Voluntary Chapter 11 Protection in the U.S. and Intends to File for CCAA Protection in Canada"
600:
1067:
1543:"San Francisco's Golden Gate Capital, Blum Capital slip into Payless ShoeSource – San Francisco Business Times"
937:
1632:
480:: In 2012, Payless expanded into the Barbados market by opening the first ten-employee store at Haggatt Hall,
266:
As of 2020, Payless is owned by a group of investors led by Alden Global Capital and Axar Capital Management.
1516:
882:
393:
230:
chain. Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by
372:
On June 27, 2006, Payless announced that it was launching a new logo created to represent a more stylish,
1717:
388:
In April 2017, the company, struggling with the migration of retail shopping to e-commerce, filed for
1618:
468:: Payless has a total of 23 stores across Trinidad and Tobago, having first opened its doors in 2001.
223:
412:
847:
645:
481:
426:
417:
259:
532:, has signed a franchise agreement with Kansas-based Payless that will see outlets next year in
692:
282:
45:
490:: Payless opened in Jamaica in January 2011, and today has a total of 15 stores on the island.
474:: Payless opened its first store in Guyana in 2021. A second store was opened in January 2023.
339:
258:
chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the
631:
547:
270:
181:
146:
8:
639:
555:
465:
331:
278:
235:
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and contemporary company. In 2018, the company advertised under a stunt premium banner,
669:
611:
576:
359:
290:
1424:
http://www.bangkokpost.com/business/retail/269054/cmg-walks-off-with-payless-franchise
695:
acquired some assets from Payless's division Collective Licensing International, LLC.
1245:
1101:"Payless emerges from bankruptcy court protection after closing more than 673 stores"
1000:
990:
743:
716:"Payless ShoeSource closing all 2,100 U.S. stores, starting liquidation sales Sunday"
453:
397:
433:
Payless emerged from bankruptcy on January 16, 2020, with plans to re-launch a U.S.
362:
Payless to shareholders, making it once again an independent, publicly traded firm.
1466:"Collective Brands, Inc. Acquires Above The Rim Brand(R) From Reebok International"
649:
1636:
1622:
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673:
537:
1026:
327:
550:: It belongs to AlShaya group in the UAE. It has opened different branches in
1646:
1004:
607:
591:
529:
380:, to demonstrate that its products could pass for high-end designer brands.
1349:
1201:"Report: Payless ShoeSource closing all stores after filing for bankruptcy"
653:
635:
626:
was an American holding company that owned Payless ShoeSource, Robeez, and
519:
373:
274:
231:
1151:"Changing retail: Is everything you know about 'retail apocalypse' wrong?"
768:
322:
1365:"Ingram's :: Payless headquarters in Topeka relocates to Miami, Fla"
497:
493:
167:
269:
It was announced on May 1, 2012, that the company would be purchased by
551:
434:
298:
156:
938:"Payless to close all 248 Canadian stores, liquidation sales expected"
1075:
507:
503:
459:
347:
were two pair for five dollars. In 1979, Volume Shoe was acquired by
309:
1019:"Picway Shoe Stores to Go Out of Business after Takeover by Payless"
246:
in 1979. In the 1980s, Payless was widely known in the U.S. for its
1628:
1438:"Collective Brands will be split in two in $ 2-billion acquisition"
657:
541:
525:
511:
477:
227:
1412:
1318:
1050:"Payless Boosts Value Of Products With Brilliant 'Palessi' Stunt"
661:
627:
533:
515:
487:
286:
1345:"Payless makes comeback with launch of new e-commerce platform"
902:
900:
681:
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in 1979. During 2005, Stride Rite completed its acquisition of
559:
471:
447:
366:
358:
from the Kobacker department store chain in 1994. In 1996, May
251:
26:
1492:"Company Overview of Collective Licensing International, LLC"
897:
528:: The Central Marketing Group (CMG), a business unit of the
1612:
207:
1426:
CMG walks off with Payless franchise Published: 3/12/2011
931:
929:
1693:
Companies formerly listed on the New York Stock Exchange
1517:"Payless and Keds to be split in $ 1.32 billion buyout"
1703:
Companies that filed for Chapter 11 bankruptcy in 2019
1698:
Companies that filed for Chapter 11 bankruptcy in 2017
1228:"Payless preparing for bankruptcy with store closures"
926:
746:. America's Largest Private Companies (2019 Ranking).
407:
514:: In April 2011, Payless launched its first store in
484:. This has since grown to 5 stores across the island.
1314:"Payless ShoeSource plots comeback: Dayton Business"
1193:
1126:"Payless ShoeSource files for Chapter 11 bankruptcy"
554:, Mirdif City Center and Sahara Center, and also in
102:
735 NE 125th St, North Miami, Florida, United States
89:U.S. and Canadian stores liquidated in 2019 due to
1708:Companies that have filed for bankruptcy in Canada
1226:Bursztynsky, Lauren Hirsch, Jessica (2019-02-08).
1060:
908:"Owner of Payless, Stride Rite stores being sold"
496:: As of March 2019, Payless has 76 stores in the
1644:
1386:"Payless buys Payless Shoes from administration"
966:. Arcadia Publishing SC: February 2010. Page 43.
1292:"Victoria's Payless ShoeSource to close May 31"
313:Former Payless ShoeSource logo used until 2006.
878:"Payless ShoeSource owner agrees to $ 2B sale"
238:. In 1961, it became a public company as the
1565:"Investor Group Carves Up Collective Brands"
1250:: CS1 maint: multiple names: authors list (
982:International Directory of Company Histories
738:
736:
1668:Australian companies disestablished in 2016
1460:
1458:
1225:
871:
869:
250:line of discount sneakers, which often had
1047:
25:
1584:
1123:
843:"Shoe Seller Payless Attempts a Comeback"
733:
684:International for an undisclosed amount.
1455:
978:
866:
411:
321:
308:
1713:Footwear retailers of the United States
974:
972:
794:U.S. Securities and Exchange Commission
1678:Clothing companies established in 1956
1673:American companies established in 1956
1645:
875:
840:
1562:
1289:
1173:
1167:
1124:Gustafson, Krystina (April 4, 2017).
1095:
1093:
935:
518:, Indonesia followed by one store in
1683:Retail companies established in 1956
969:
713:
618:
575:Interior of a Payless ShoeSource in
1738:Shoe companies of the United States
1728:Retail companies of the Philippines
1435:
1391:Australian Broadcasting Corporation
1176:"How private equity buried Payless"
985:. Vol. 69. Detroit, Michigan:
709:
707:
408:2019 bankruptcy and revival in 2020
13:
1585:Steinberg, Haley (July 30, 2014).
1306:
1090:
383:
16:American discount footwear company
14:
1754:
1688:Companies based in Topeka, Kansas
1604:
714:Tyko, Kelly (February 15, 2019).
349:The May Department Stores Company
244:The May Department Stores Company
216:Payless ShoeSource Worldwide, LLC
20:Payless ShoeSource Worldwide, LLC
1629:Collective Brands corporate site
1174:Irwin, Neil (February 1, 2020).
1025:. 29 August 1994. Archived from
704:
678:World Snowboarding Championships
599:
583:
568:
141:
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1117:
1048:Will Burns (30 November 2018).
1041:
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964:Images of America: East Village
956:
818:(Press release). Archived from
630:. The company was purchased by
420:, Springfield, Virginia in 2019
317:
876:Hawley, Brenna (May 1, 2012),
841:Kapner, Suzanne (2020-08-18).
834:
808:
781:
761:
1:
1663:2012 mergers and acquisitions
1658:2007 mergers and acquisitions
1653:1956 establishments in Kansas
1563:Rusli, Evelyn M. (May 2012).
1290:Cargo, Kathryn (2019-02-17).
1007:– via Funding Universe.
698:
1589:(Press release). PR Newswire
1436:Hsu, Tiffany (May 2, 2012).
1068:"Payless Restructuring Plan"
883:Kansas City Business Journal
441:
112:3,500+ (40 countries) (2018)
7:
936:Staff (February 19, 2019).
416:A closing Payless store at
65:; 68 years ago
10:
1759:
1723:Retail companies of Canada
1023:Akron Beacon Journal, Ohio
326:Payless ShoeSource store,
304:
979:Pederson, Jay P. (2005).
203:
193:
174:
154:
136:
126:
116:
106:
98:
94:Relaunched in August 2020
85:
77:
59:
55:Shoes, socks, accessories
51:
41:
33:
24:
1743:Re-established companies
1733:Shoe companies of Canada
1413:Payless PH Official site
769:"Payless Privacy Policy"
427:Texas A&M University
289:, Hind sports clothing,
262:and changed its name to
848:The Wall Street Journal
646:Stride Rite Corporation
624:Collective Brands, Inc.
425:would not be affected.
418:Springfield Town Center
297:name, and launched its
264:Collective Brands, Inc.
260:Stride Rite Corporation
240:Volume Shoe Corporation
220:Payless ShoeSource Inc.
186:Axar Capital Management
37:Payless ShoeSource Inc.
693:Authentic Brands Group
590:Payless ShoeSource in
421:
334:
314:
283:Authentic Brands Group
415:
390:Chapter 11 bankruptcy
340:Kansas City, Missouri
325:
312:
293:, and Above The Rim.
91:Chapter 11 bankruptcy
81:Louis and Shaol Pozez
1270:www.businesswire.com
989:. pp. 288–293.
944:. The Canadian Press
632:Wolverine World Wide
548:United Arab Emirates
438:Edgewater, Florida.
271:Wolverine World Wide
242:, which merged with
182:Alden Global Capital
122:30+ countries (2019)
1294:. Victoria Advocate
962:Oltrogge, Sarah C.
640:Golden Gate Capital
466:Trinidad and Tobago
332:Ann Arbor, Michigan
279:Golden Gate Capital
236:Golden Gate Capital
218:(formerly known as
195:Number of employees
132:Justo Fuentes (CEO)
108:Number of locations
21:
1718:Footwear retailers
1635:2010-03-06 at the
1621:2006-04-25 at the
1472:. January 15, 2010
1180:The New York Times
744:"Payless Holdings"
691:On July 14, 2014,
670:Vision Street Wear
612:Dominican Republic
577:Groveton, Virginia
422:
335:
315:
291:Vision Street Wear
222:), is an American
19:
1442:Los Angeles Times
1353:. 18 August 2020.
1078:on April 23, 2017
996:978-1-55862-544-0
886:, bizjournals.com
797:. August 17, 2007
676:, Lamar and LTD,
656:brand names from
619:Collective Brands
454:Eastern Caribbean
398:retail apocalypse
213:
212:
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1616:
1615:
1613:Official website
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1367:. 20 August 2020
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1322:. Archived from
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1074:. Archived from
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910:. Archived from
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851:. Archived from
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650:Sperry Top-Sider
603:
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150:3 billion (2017)
149:
144:
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73:
71:
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29:
22:
18:
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1637:Wayback Machine
1623:Wayback Machine
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1394:. 15 March 2013
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987:St. James Press
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384:2017 bankruptcy
354:Payless bought
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208:www.payless.com
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166:149.8 million (
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1207:. Feb 14, 2019
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914:on May 2, 2012
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1523:. 1 May 2012
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1359:
1350:Fox Business
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1324:the original
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1285:
1274:. Retrieved
1272:. 2019-02-19
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1232:www.cnbc.com
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275:Blum Capital
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232:Blum Capital
219:
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99:Headquarters
42:Company type
1447:February 6,
1205:MYSTATELINE
942:Global News
606:Payless in
560:Al-Ain City
556:Bawadi Mall
498:Philippines
494:Philippines
482:St. Michael
118:Area served
1647:Categories
1371:2020-08-25
1330:2020-01-17
1276:2019-02-19
1237:2019-02-10
1185:2 February
1160:2017-11-20
1110:2017-08-31
859:2024-08-08
801:2024-08-03
789:"Form 8-K"
774:2023-10-21
699:References
552:Dubai Mall
435:e-commerce
299:e-commerce
157:Net income
128:Key people
1593:March 16,
1501:March 16,
1496:Bloombert
1476:March 21,
1298:24 August
1155:USA TODAY
1105:USA TODAY
1082:April 22,
1005:367891273
918:March 17,
720:USA Today
718:. Money.
668:Airwalk,
642:in 2012.
594:, Canada.
540:, making
508:Singapore
504:Indonesia
460:Australia
442:Locations
301:website.
248:Pro Wings
226:discount
1633:Archived
1619:Archived
1246:cite web
1135:April 4,
658:Uniroyal
542:Thailand
538:Chonburi
526:Thailand
512:Malaysia
478:Barbados
360:spun off
228:footwear
78:Founders
52:Industry
34:Formerly
1521:Reuters
1319:WHIO-TV
1211:Feb 16,
1072:Payless
890:May 27,
662:Saucony
628:Airwalk
534:Bangkok
516:Jakarta
488:Jamaica
394:Moody's
374:upscale
305:History
287:Airwalk
204:Website
137:Revenue
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60:Founded
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1570:9 June
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1527:9 June
1398:9 June
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638:, and
510:, and
472:Guyana
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367:Shopko
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175:Owners
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1550:2016
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1478:2017
1449:2016
1400:2016
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1252:link
1213:2019
1187:2020
1137:2017
1130:CNBC
1084:2017
1035:2016
1001:OCLC
991:ISBN
950:2020
920:2017
892:2012
828:2016
755:2020
727:2020
674:Sims
654:Keds
652:and
164:US$
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