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Payless ShoeSource Worldwide, LLC [3] (formerly known as Payless ShoeSource Inc.), is an American multinational discount footwear chain. Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by Blum Capital , and Golden Gate Capital .
Discount shoe store chain Payless is banking on that, announcing Tuesday that it’s relaunching in North America, barely 14 months after shutting down last June.
In 2007, Payless ShoeSource of Topeka, Kansas acquired Stride Rite. On August 16, 2007, the company changed its name to Collective Brands, Inc.By 2009, it was announced that Stride Rite would operate under the further-revised name of Collective Brands Performance + Lifestyle Group.
It was later clarified that likely around 70 stores would remain open, even those currently running liquidation sales, possibly as Camping World, which acquired the company. [140] Gap Inc. announced plans in September 2017 to close 200 stores in 2018, mostly Gap and Banana Republic stores while focusing its efforts on Old Navy and Athleta. [141]
Payless Car Rental, an automobile rental company; Payless DIY, a chain of do-it-yourself stores in Britain, merged in 1990 into rival chain Do It All, which later merged into Focus DIY; Pay Less DIY, a chain of do-it-yourself stores in Ireland, renamed to become Woodie's DIY; Payless (footwear retailer), an international discount footwear retailer
Another one bites the dust! The discount shoe chain has filed for Chapter 11 protection on less than $1 billion in assets and $10 billion in liabilities.
Matthew E. Rubel (born November 29, 1957) is an American entrepreneur and investor. He is the former chairman, chief executive officer, and president of Collective Brands, Inc., the parent company for Payless ShoeSource, a footwear, accessory, and lifestyle brand company, Collective Brands' Performance + Lifestyles Group (formerly Stride Rite Corporation), and Collective Licensing International.
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