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Payless ShoeSource NEWS

NFE/5.0en-USnews-webmaster@google.com2019 Google Inc.Wed, 16 Jan 2019 21:03:03 GMTGoogle News
Shoe retailer Payless to explore options, including sale  CNBC

U.S. discount retailer Payless ShoeSource has hired an advisor to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after ...

Payless Shoe Source reportedly exploring options  Chain Store Age

Nordstrom's full-price stores saw softer holiday traffic, causing the retailer to take a more promotional stance to get rid of excess inventory. The retailer said that ...

Chain Store Age
Why Did People Pay $600 For a Pair of $20 Payless Shoes?  Psychology Today

The shoe retailer's prank teaches us 3 vital lessons on how to purchase wisely.

Psychology Today
Payless ShoeSource takes a bigger step into digital B2B sales  DigitalCommerce360

The footwear company's SafeTstep slip-resistant work shoe brand is building out its market reach and sales with a three-prong online strategy of CRM, ...

Joe Burke promoted to EVP/Chief Creative Officer of MARC USA  ReelChicago

Joe Burke has been promoted to the EVP/Chief Creative Officer of MARC USA where he will oversee work across three offices.

Sears to Stay Open, After Edward Lampert Prevails in Bankruptcy Auction  The Wall Street Journal

Billionaire Edward Lampert won a bankruptcy auction for Sears, keeping the struggling department store chain from shutting all its remaining stores. His $5 ...

The Wall Street Journal
Gymboree Expected to File for Bankruptcy for Second Time in Two Years  The Wall Street Journal

Children's clothing retailer Gymboree Group Inc. is expected to seek bankruptcy protection this week, with plans to close all 900 of its stores, according to people ...

The Wall Street Journal
Shopko files for bankruptcy, will close 105 stores, including 16 in Wisconsin  Green Bay Press Gazette

ASHWAUBENON - Shopko Stores Operating Co. LLC filed for chapter 11 bankruptcy protection from creditors on Wednesday. The company said excessive debt ...

Green Bay Press Gazette
Clothe-A-Child donations decline; program still called a success  News-Herald.com

The Clothe-A-Child charity which provides new clothing and shoes for needy children in Lake and Geauga counties reported a decline in donations this year.

Sears workers demand hardship fund after Toys 'R' Us success  Reuters

(Reuters) - As Sears Holdings Corp teeters on the brink of liquidation, its employees are pushing for a hardship fund they hope can replicate the success of ...

Payless pranks VIPs, sells discount shoes at luxury prices  CNBC

Payless taught fashion influencers a lesson about shoes by opening a fake store that sold Main Street shoes at Madison Avenue prices.

Payless sold its discount shoes for $600 a pair at mock luxury influencer event  USA TODAY

Troubled footwear maker Payless staged a luxury influencer event at "Palessi" where attendees paid hundreds for its "rebranded" discount-priced shoes.

DealBook Briefing: ‘Brexit’ Deal Fails; What’s Next for Britain?  The New York Times

Good Wednesday morning. Breaking: Sears and Edward S. Lampert have reached $5.3 billion deal that would keep its stores open for now. Want this by email?

The New York Times
Payless ShoeSource will close at the Butte Plaza Mall  Montana Standard

Payless ShoeSource will soon become the latest retailer to close at the Butte Plaza Mall.

Montana Standard
More Payless positions eliminated; building to be auctioned online Monday  The Topeka Capital-Journal

More job positions were eliminated Friday at Payless Shoesource in an apparent realignment of the organization's merchandising department, and the company ...

The Topeka Capital-Journal
Payless ShoeSource closing in FD  Fort Dodge Messenger

The Payless ShoeSource store in Fort Dodge was crowded Thursday afternoon with shoppers taking advantage of the deep discounts offered in a ...

Fort Dodge Messenger
Payless ShoeSource switches digital asset management tools  TechTarget

The shoe giant uses a digital asset management tool to take care of image maintenance so it can focus on products and omnichannel customer experience ...

Payless ShoeSource to close in Waterville  Kennebec Journal & Morning Sentinel

WATERVILLE — The Payless ShoeSource retail chain store at Waterville Commons is scheduled to close Dec. 28 and the store is advertising sales to reduce ...

Kennebec Journal & Morning Sentinel
This Kennewick Payless ShoeSource store is closing  Tri-City Herald

Payless Shoes is closing one of its three Columbia Center stores Saturday.

Tri-City Herald
Payless ShoeSource to close near the end of the month  Greenfield Daily Reporter

GREENFIELD — After more than a decade of business in Greenfield, a popular footwear distributor will shutter its doors on Christmas Eve.Payless ShoeSource ...

Greenfield Daily Reporter
Payless Pranks Customers into Buying $20 Shoes For $600 With Fake Luxury Store 'Palessi'  Maxim

The discount retailer may have filed for bankruptcy in 2017, but with this stunt it immediately raised its public profile with priceless viral publicity.

Payless pranks VIPs, sells discount shoes at LA boutique for $645  Press-Enterprise

Payless taught fashion influencers a lesson about shoes by opening a fake store that sold Main Street shoes at Madison Avenue prices. Payless ShoeSource ...

Payless Shoe Source Closing in Framingham  framinghamsource.com

FRAMINGHAM – Retailers continue to struggle. In April 2017, Payless Shoe Source stores filed for bankruptcy and announced it would immediately close 400 ...

Topeka-based Payless reportedly moving multiple departments to Dallas  The Topeka Capital-Journal

Payless ShoeSource told corporate employees Monday that multiple departments will be relocated to Dallas by Aug. 31, leaving three or four departments in ...

The Topeka Capital-Journal
Payless Pranks Fashionistas With Fake Luxury Shoe Brand Called 'Palessi'  HuffPost

The low-cost shoe retailer Payless ShoeSource pulled one over on fashion influencers when it took over a former Armani store in Santa Monica, California, ...

More store closings greet holiday shoppers: Sears, Payless to...  Alexandria Echo Press

It's not the kind of news anyone wants to hear during the busy holiday shopping season: two more Alexandria stores are closing. First Payless Shoe Source ...

Alexandria Echo Press
Payless ShoeSource Is Closing In Bridgewater  Bridgewater, NJ Patch

Payless ShoeSource Is Closing In Bridgewater - Bridgewater, NJ - Everything in the store is 40 percent off and some items with red tags, including most ...

Bridgewater, NJ Patch
Payless pranks customers by getting them to buy its discount shoes at designer prices  Sun Sentinel

The Payless prank points to a reality about the human mind: Consumers are not capable of discerning the quality and value of the things they buy, experts say.

Sun Sentinel
Clinton's Payless shoe store to close  Clinton Herald

CLINTON — Clinton-area residents will only have until the end of the month if they want to shop at the city's Payless ShoeSource location.

Clinton Herald
Suspect in Payless Shoesource robbery still on the run  KLKN

Lincoln Police are looking for a man who robbed the Payless Shoesource near 27th and Superior Wednesday afternoon. The 22-year-old clerk told police the ...

Five Marketing Lessons from the Payless Shoe Prank  Knowledge@Wharton

An elaborate advertising ruse by discount retailer Payless ShoeSource is questions about the ability of marketers to manipulate consumer behavior.

Payless positions cut; headquarters to be auctioned online  mySA

TOPEKA, Kan. (AP) — The Topeka headquarters of Payless Shoesource will be auctioned online this week, after more jobs were eliminated by the company.

Payless headquarters to be auctioned online as more positions eliminated  WIBW

Payless Shoesource will be auctioned online Monday through Wednesday. The bid starts at $1.2 billion.

Payless in Swansea Mall to close  Turn to 10

Payless in the Swansea Mall is the latest store in the shopping center to announce plans to close. Lauren Jeffords, a spokeswoman for Payless ShoeSource, ...

Turn to 10
2-Year-Old Girl Dies After Mirror Falls on Her at Payless Shoe Store  TIME

A 2 year-old girl died after a mirror fell on top of her at a Payless ShoeSource store off of Highway 85 in Riverdale, Georgia, according to Fox 5 Atlanta.

Auction of Payless former headquarters building in Topeka delayed until Dec. 10  The Topeka Capital-Journal

The auction of Payless Shoesource's former headquarters building in Topeka has been delayed until Dec. 10.The 300000-square-foot building at 3231 S.E. 6th ...

The Topeka Capital-Journal
Judge sentences area architect for defrauding Payless ShoeSource  Kansas City Business Journal

A Lawrence-based architect who worked for Payless ShoeSource was sentenced Tuesday to nearly two years in federal prison for wire fraud. He also was ...

Kansas City Business Journal
Topeka's Payless ShoeSource plans to move multiple departments to Texas  Kansas City Business Journal

Topeka-based Payless ShoeSource is opening a Dallas office, but plans to keep "select business operations" in Topeka and other locations, according to a ...

Kansas City Business Journal
Private Equity Pumped Billions Into Dozens of Shoe Brands — Then They Went Bankrupt  Footwear News

Private equity ownership is a glaring common denominator among dozens of recently bankrupt retailers, including Nine West and Payless.

Footwear News
Local nonprofit gives away 300 pairs of shoes to needy kids  Marion Star

The nonprofit has seen an outpouring of support from the community and is able to offer more than double the shoes this year.

Marion Star
Payless Shoes to close store in Big Bear  Big Bear Grizzly

The signs are on the windows and the door at Payless ShoeSource in the Stater Bros. shopping center in Big Bear Lake. Payless is closing its doors.

Big Bear Grizzly
Business Watch: Payless HQ stays on the market after online auction  The Topeka Capital-Journal

The Payless Shoesource headquarters building was auctioned this week, but the $4 million offer apparently didn't meet expectations, because another auction ...

The Topeka Capital-Journal
Order Shoes Online at Payless.com and Pay with Cash with PayNearMe!  GlobeNewswire

TOPEKA, Kan., April 17, 2018 (GLOBE NEWSWIRE) -- Today, Payless ShoeSource (“Payless”) announced a partnership with PayNearMe®, a *service* of Handle ...

Payless Pranks Influencers Into Paying Over $600 for $20 Shoes  HYPEBEAST

Despite filing for bankruptcy last year and struggling with the closure of hundreds of stores, it appears Payless ShoeSource still has some fight left in ...

Alden Global Is Building a Tower of Companies It Can Cut Down  Bloomberg

The hedge fund best known for gutting newspapers has an interesting real estate deal going on.

Payless PR stunt appealing more to older consumers  YouGov US

Since the prank, US adults who recall seeing an ad for the footwear retailer have increased from 12% to 18%

YouGov US
Payless lays off some Topeka employees as part of merchandising realignment  The Topeka Capital-Journal

Payless ShoeSource laid off some employees at its Topeka office Friday as part of a realignment of merchandising operations, the company acknowledged.

The Topeka Capital-Journal
Payless Appoints Mary Chris Gay to Board of Directors  PR Newswire

TOPEKA, Kan., July 25, 2018 /PRNewswire/ -- Payless Holdings LLC, the largest specialty footwear retailer in the Western Hemisphere, announced the ...

PR Newswire
Payless emerges from bankruptcy court protection after closing more than 673 stores  USA TODAY

Discount footwear chain Payless Shoesource emerged from bankruptcy court protection Wednesday after shedding more than $435 million in debt and closing ...

Why retailers are filing for bankruptcy when they aren't yet broke  USA TODAY

In 2017, several retailers proved that Chapter 11 bankruptcy can provide a *fresh* start — but only if they take the plunge before it's too late.

Payless Continues to Focus on Customers, Announces Realignment of Organizational Structure  PR Newswire

TOPEKA, Kan., Jan. 27, 2018 /PRNewswire/ -- In an effort to continue its emphasis on "serving the customer," today Payless ShoeSource ("Payless" or "the ...

PR Newswire
America is 'over-stored' and Payless ShoeSource is the latest victim  The Washington Post

Payless ShoeSource became the latest major retailer to declare financial distress when, on Tuesday, the company filed for Chapter 11 bankruptcy and ...

The Washington Post
Payless Tricks Social Media Influencers With Fake Luxury Shoe Store In An Epic Marketing Stunt  Life & Style Weekly

Payless ShoeSource's' latest ad campaign includes a fake luxurious brand called Palessi, which was created to trick customers. Get the full scoop here!

Life & Style Weekly
Payless sues former employees to force repayment of bonuses  Topeka Capital Journal

Erik Fritzler received an excellent job offer in June 2016 from Payless ShoeSource outlining bonuses, vacation, salary, relocation reimbursement and benefits.

Topeka Capital Journal
Here are the retailers that have filed for bankruptcy so far this year  CNBC

Nearly a dozen retailers — including department store chains and shoe brands — have filed for bankruptcy protection so far this year, shuttering many of their ...

Payless to close up to 800 stores in total; see the list  USA TODAY

Payless ShoeSource unveiled a second round of store closings as its bankruptcy reorganization moves forward, bringing the total number of locations to be ...

Shopping struggles: These 11 retailers may not survive 2018  WFMYNews2.com

The retail apocalypse is entering its ninth year. Many North American retailers were wiped out in the “retail apocalypse” which started in 2010. Amazon ...

Family seeks $200M in lawsuit after 2-year-old crushed by mirror at Payless  Atlanta Journal Constitution

She needed a new pair of shoes. So on a Friday night in March, 2-year-old Ifran Siddique went into a Riverdale Payless ShoeSource with her mother, aunt and ...

Atlanta Journal Constitution
Town Talk | Signs of a new retailer coming for the old Payless ShoeSource building on south Iowa Street; former Pier 1 building also being renovated  Lawrence Journal World

Despite seeing their advertisements all the time, I'm still not sure I understand what my “Sleep Number” is. I'm estimating that it is 0.3, which is rou.

Lawrence Journal World
How 4 Shoe Companies Went Bankrupt and Stayed in Business  Footwear News

What's happening to four shoe brands — Payless ShoeSource, Rockport, Aerosoles and The Walking Co. — that have exited bankruptcy in 2018.

Footwear News
In tough retail landscape, Payless emerges as rare bankruptcy survivor  Reuters

Payless ShoeSource is set to emerge from bankruptcy as soon as Wednesday, one of the largest retail chains to do so, and is banking on a strategy focused ...

Payless cutting corporate jobs to 'realign' around stores  Retail Dive

Payless ShoeSource this weekend said that it's realigning its North America retail organizational structure, increasing the number of associates who work closer ...

Retail Dive
Oh, No! Gymboree Has Reportedly Filed For Bankruptcy With 900 Stores To Close  Romper

Yet another major children's clothing retailer is facing a swift end. Gymboree has allegedly filed for bankruptcy and may potentially be closing as many as 900 ...

Payless reportedly eyes bankruptcy filing, up to 500 store closings  USA TODAY

Discount footwear chain Payless ShoeSource may seek bankruptcy court protection and close up to 500 stores.

Payless Shoes Joins Long List Of Brick-and-Mortar Retailers Seeking Refuge In Chapter 11  Forbes Now

By Pat Holohan. RadioShack emerged from bankruptcy in March 2015 after closing half of its stores, but returned to Chapter 11 two years later to liquidate when ...

Forbes Now
OPINION: JC Penney, Payless Shoes, K-Mart and Herbergers...Are Their Closures a Sign of Retail Doom?  SweetwaterNOW.com


Payless corporate headquarters building in Topeka up for sale for $8.5 million  Topeka Capital Journal

Payless ShoeSource has put its corporate headquarters on the market for $8.5 million in a move that appears to support rumors the company may pull out of ...

Topeka Capital Journal
Topeka-based Payless confirms new corporate office in Dallas  The Topeka Capital-Journal

Payless ShoeSource confirmed Tuesday the company will open a new corporate office location in Dallas.The company will retain a Topeka office, ...

The Topeka Capital-Journal
Rockport shoe company files for Chapter 11 bankruptcy protection, may close stores  USA TODAY

Rockport Group became the latest shoe company to trip on retail's rocky terrain Monday as it filed for Chapter 11 bankruptcy protection. The company, whose ...

Payless Shoes Pulled the Ultimate Prank with Palessi  Filthy Lucre

A recent Payless prank left consumers completely shocked when they realized Palessi was not what they were expecting. The Payless prank unfolded by the ...

Filthy Lucre
Swansea Mall losing more stores  Fall River Herald News

The mall owners, Carlyle Development Group of Purchase, New York, stated on its website that it is planning a major renovation of the property. SWANSEA ...

Fall River Herald News
Payless could close up to 19 more Illinois stores  Chicago Tribune

Bankrupt discount shoe retailer Payless ShoeSource is seeking court approval to close up to 408 more stores, including as many as 19 in Illinois. Topeka, Kan.

Chicago Tribune
Payless Gains Footing with Hispanic Audience by Launching Spanish Website  Business Wire

Payless ShoeSource, Inc. recently debuted a new Spanish-language website, enabled by MotionPoint, to build loyalty with key Hispanic customer base.

Business Wire
These Payless stores are closing in metro Atlanta  Atlanta Journal Constitution

Payless ShoeSource, the retailer known for footwear on a budget, has filed for Chapter 11 bankruptcy protection and revealed plans to close stores.

Atlanta Journal Constitution
Payless Shoes Confirms That Kanye West Did Call Its CEO  Racked

Racked is no longer publishing. Thank you to everyone who read our work over the years. The archives will remain available here; for new stories, head over to ...

Payless ShoeSource announces closure of Redlands distribution center  Redlands Daily Facts

REDLANDS >> Payless ShoeSource will close its western distribution center in Redlands this fall. The move to shutter the facility at 26881 Palmetto Ave. is part ...

Redlands Daily Facts
Payless Shoesource on 12th Ave. closes  Hanford Sentinel

HANFORD — Payless Shoesource quietly closed eight Central Valley Stores at the end of July, including the store located in Hanford on 12th Avenue in the ...

Hanford Sentinel
Payless ShoeSource Files for Bankruptcy, Closes 400 Stores  Allure Magazine

On Tuesday, Payless ShoeSource announced it's filing for Chapter 11 bankruptcy and will immediately close 400 stores, according to a statement.

Allure Magazine
These retailers are closing hundreds of stores in 2018  Bankrate.com

As Americans do more and more of their shopping online, thousands of brick-and-mortar stores are vanishing from malls, shopping centers and free-standing ...

Payless ShoeSource steps out of bankruptcy  Kansas City Business Journal

The Topeka-based retailer gets a *fresh* start with less debt and plans for new leadership.

Kansas City Business Journal
Payless Announces Strategic Initiatives to Further Transformation  PR Newswire

TOPEKA, Kan., Nov. 16, 2017 /PRNewswire/ -- Payless ShoeSource ("Payless" or "the Company") today outlined several key initiatives as part of the Company's ...

PR Newswire
Beloved Mural Depicting Latino History Painted Over in East San Jose  NBC Bay Area

A South Bay community is outraged after someone painted over a beloved mural celebrating Latino history. Many believe the new owners of the East San Jose ...

NBC Bay Area
Retailers Closing the Most Stores  24/7 Wall St.

In April, Subway, the fast food company with the most locations in the world, announced it would be shuttering roughly 500 of those stores in the United States.

24/7 Wall St.
Payless Might Close 1,000 of Its Stores  GoodHousekeeping.com

Payless, facing hard financial times, may close 1000 of its stores in a deal with its lenders.

How Payless Beat Back Bankruptcy (And What Retailers Can Learn)  PYMNTS.com

In retail news, brick-and-mortar shoe retailer Payless ShoeSource has beaten bankruptcy status. Here's what other retailers can learn from its second chance.

Outrage after historic East San Jose mural painted over  The Mercury News

Seemingly without warning, a mural depicting important Chicano history was painted over this week in East San Jose.

The Mercury News
Payless ShoeSource uses Kansas City as backdrop for national campaign  Kansas City Star

Twelve Kansas City kids and several locations around town are featured in new Payless ShoeSource commercials airing nationally.

Kansas City Star
Payless leader: Company exits bankruptcy with less debt, fewer stores, bright future  Topeka Capital Journal

We are still very much in business.”Those words from Payless ShoeSource chief financial officer Michael Schwindle affirm the strong and decided approach the ...

Topeka Capital Journal
FN Exclusive: Payless Suppliers in the U.S. & China Grow Anxious as Bankruptcy Looms  Footwear News

Several Payless agents & suppliers say their businesses could collapse if Payless shutters.

Footwear News
Payless ShoeSource to close five Oregon stores after filing for bankruptcy protection  KPTV.com

Payless ShoeSource is closing five Oregon stores after filing for Chapter 11 bankruptcy protection.

Payless is the first of its peers to exit bankruptcy. Now what?  Retail Dive

The discount shoe seller filed for Chapter 11 prepared and is now a smaller, healthier retailer. But it still has to win customers in a chaotic retail world.

Retail Dive
Exclusive: Payless settles creditor dispute over dividends - sources  Reuters

(Reuters) - Payless ShoeSource Inc settled a dispute with its creditors on Tuesday, after creditors alleged that the company's private equity owners ...

Payless Shoe Source to close one Sherman store  KXII-TV

SHERMAN, Texas (KXII) -- Payless Shoe Source announced it is filing for Chapter 11 bankruptcy, and the store at 2201 Texoma Parkway is one of nearly 400 ...

Payless Brings On Liquidators to Begin Store Closing Sales  WWD

The struggling retailer will be liquidating nearly 400 stores over the coming weeks as part of its ongoing bankruptcy.

Payless Shoesource closing 12 Oklahoma stores, including Sand Springs  Tulsa World

Payless ShoeSource, a national discount footwear retailer, is closing 12 of its Oklahoma stores after it filed for bankruptcy this week. It will close one of its Tulsa ...

Tulsa World
Payless Shoesource bankruptcy plan approved by court, paving way for August exit  Topeka Capital Journal

A St. Louis judge has accepted Payless Shoesource's plan for reorganization, a move that will help the company achieve its goal of leaving bankruptcy by ...

Topeka Capital Journal
2 New Hampshire Payless ShoeSource stores to close  WMUR Manchester

Two Payless ShoeSource stores in New Hampshire are among nearly 400 stores nationwide that will close soon as part of the company's Chapter 11 ...

WMUR Manchester
Three local Payless ShoeSource stores closing  WPSD Local 6

Three Payless ShoeSource stores in the Local 6 area will be closing. The shoe chain announced Tuesday it had filed for Chapter 11 bankruptcy protection and ...

WPSD Local 6
Payless ShoeSource Closing 1 St. Cloud Location  WJON News

One of the Payless ShoeSource stores in the St. Cloud metro area has been marked for closing. The company says they are closing the store at 4124 West ...

Payless ShoeSource closing five local stores  Buffalo News

Payless ShoeSource will immediately close nearly 400 shoe stores across the country, five of them in Erie and Niagara counties. The affected stores are loc…

Buffalo News

Payless ShoeSource Videos

The Decline of Payless...What Happened?
The Decline of Payless...What Happened?
Payless Opens Fake Luxury Store, Sells Customers $20 Shoes For $600 In Experiment
Payless Opens Fake Luxury Store, Sells Customers $20 Shoes For $600 In Experiment
Payless ShoeSource: Doesn't It Feel Good To Pay Less Anymore? - Dead Mall & Retail Mini Documentary
Payless ShoeSource: Doesn't It Feel Good To Pay Less Anymore? - Dead Mall & Retail Mini Documentary
Abandoned Payless Shoe Source (I Got Inside)
Abandoned Payless Shoe Source (I Got Inside)
A Payless Shoe Store Prank! – Part 1
A Payless Shoe Store Prank! – Part 1
Payless opens fake luxury shoe store as prank
Payless opens fake luxury shoe store as prank
Payless experiment shows people will pay more for brand name
Payless experiment shows people will pay more for brand name

Payless ShoeSource Images

File:Payless ShoeSource Logo.svg - Wikipedia
File:Payless ShoeSource Logo.svg - Wikipedia
Payless Shoesource Womens Sandals - Style Guru: Fashion ...
Payless Shoesource Womens Sandals - Style Guru: Fashion ...
Payless Shoesource Coupons - 20% off at Payless Shoesource ...
Payless Shoesource Coupons - 20% off at Payless Shoesource ...
Payless Shoesource Elk Grove Village Il - Style Guru ...
Payless Shoesource Elk Grove Village Il - Style Guru ...
Payless Shoes In Fargo Nd - Style Guru: Fashion, Glitz ...
Payless Shoes In Fargo Nd - Style Guru: Fashion, Glitz ...
Black Sandals: Payless Mens Champion Shoes
Black Sandals: Payless Mens Champion Shoes
Ashley Brooke | The Perfect Holiday Shoes
Ashley Brooke | The Perfect Holiday Shoes
Payless pranks VIPs, sells discount shoes at luxury prices ...
Payless pranks VIPs, sells discount shoes at luxury prices ...
safeTstep Slip-Resistant Women's Running Shoe | Payless
safeTstep Slip-Resistant Women's Running Shoe | Payless

Payless ShoeSource WebSites


Payless ShoeSource Wiki

Payless ShoeSource Inc. is an American discount footwear retailer headquartered in Dallas, Texas. Established in 1956 by cousins Louis and Shaol Pozez, Payless is a privately held company owned by Blum Capital, and Golden Gate Capital. In 1961, it became a public company as the Volume Shoe Corporation which merged with The May Department Stores Company in 1979. In the 1980s, Payless was widely known in the U.S. for its Pro Wings line of discount sneakers, which often had Velcro straps instead of laces. In 1996, Payless ShoeSource became an independent publicly held company. In 2004, Payless ShoeSource 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. The company had a total revenue for 2011 of US$ 3.4 billion. The company also has a stunt premium banner, Palessi Shoes.It was announced on May 1, 2012 that the company would be purchased by Wolverine World Wide, Blum Capital, and Golden Gate Capital for US$1.32 billion. On December 13, 2016 it was reported that all Payless shoe stores were to be closed in Australia with the loss of 730 jobs. On July 14, 2014 Authentic Brands Group acquired some assets from Payless ShoeSource's division Collective Licensing International, LLC, which included brands such as Airwalk, Hind sports clothing, Vision Street Wear, and Above The Rim. In April 2017, Payless Shoesource filed for Chapter 11 Bankruptcy and announced the closing of 400 stores in the United States.