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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 .
Stride Rite was founded in Boston, Massachusetts, in 1919, as the Green Shoe Manufacturing Company (“Green Shoe”) by Jacob A. Slosberg and Philip Green.After founding the company, Green sold his interest to Slosberg twelve years later and Slosberg's sons Samuel and Charles led up the company as the heads of sales and manufacturing respectively.
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.
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 ...
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Payless ShoeSource filed for bankruptcy in April 2017 and closed 400 of its stores. [219] It emerged from bankruptcy in August, but announced on February 14, 2019, that it was filing for bankruptcy again and that it would close all of its stores and its online operation in the United States. [220]