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The shoes generally retail around $75, but during the Labor Day sale, you can get them as low as $44 depending on your size (though the general discounted price seems to hover between $55-$65 for ...
It specialises in buying clearance stock from manufacturers and selling at discounted prices. [2] They stock over 150 brands [ 3 ] including Adidas , Timberland , Diesel and Puma . [ 4 ]
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Payless bought Picway Shoes from the Kobacker department store chain in 1994. [12] In 1996, May spun off Payless to shareholders, making it once again an independent, publicly traded firm. Payless acquired the mid-priced shoe chain Parade of Shoes from J. Baker, Inc. in 1997.
By 2003 the company delivered sales of $473.1 million and $9.15 million in profit. Sales were $518.8 million in 2004, up 9.7% from the previous year. Net Income was $12.3 million. In May 2004 the company raised $41 million in a secondary stock offering. [5]
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