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In 2004, Payless announced it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. [ 4 ] [ 5 ] As of 2020, Payless is owned by a group of investors led by Alden Global Capital and Axar Capital Management.
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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.
Payless for Drug and Food, a Canadian store; Pay Less Food Markets, a grocery store chain in central Indiana acquired by Kroger in 1999; 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
Browns Shoes; heel boy; Defunct shoe stores: Payless Canada – Canadian division of US-based Payless; Jewelry stores. Ben Moss Jewellers; Charm Diamond Centres;
Airwalk was founded by George Yohn, the founder of shoe manufacturers Blair Co. and Items International, and Bill Mann, a shoe purchaser for Payless Shoes. After making unbranded shoes for department stores in the 1970s, Items International attempted to produce branded athletic shoes in the early 1980s.