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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. In 1961, it became a public company as the Volume Shoe Corporation ...
Eighteen months after bankruptcy, Payless ShoeSource Inc has hired an adviser to help evaluate strategic alternatives, including a sale or restructuring. Shoe retailer Payless to explore options ...
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. “We’re back and bringing more ...
A 1984 sale of the company to The Trump Group and a 1986 attempt to transform the retailer into a bargain-basement merchandiser resulted in a loss of nearly $50 million. By 1988, Pay 'n Save was sold to Thrifty Corporation, who later sold the stores to PayLess Drug, who retired the Pay 'n Save name. As a result, most of the retailer's divisions ...
Payless Cashways. Payless Cashways was a building materials retailer based in Kansas City, United States. The company primarily operated during the 1980s and 1990s, and is considered among the first national chains to implement the DIY strategy. The company experienced financial difficulties during the late 1980s.
The discount shoe chain has filed for Chapter 11 protection on less than $1 billion in assets and $10 billion in liabilities. Payless has filed for bankruptcy and will immediately close 400 stores ...
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