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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.
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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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
On December 4, 2008, it was announced that Siriano had signed a deal to design a line of low-cost shoes and handbags for Payless ShoeSource for retail in Fall 2009. [21] Siriano's eponymous fashion line, Christian Siriano, debuted at New York Fashion Week on September 13, 2008. [22] His collection is retailed at Saks Fifth Avenue and Neiman Marcus.
Ballet-inspired fashion continues to emphasize soft pastel hues such as pink, peach, baby blue, lilac, and light neutral colors. [26] [16] In the 2020s, ballet-inspired elements have increased the popularity as a part of the collections of Rodarte and Miu Miu, as well as those of fashion designers Molly Goddard and Simone Rocha.