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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 .
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 ...
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Florsheim – mall shoe store; still sells online; Gadzooks – Founded in 1983 as a T-shirt store, Gadzooks grew to a 250-store mall fashion retailer before making an ill-advised decision to discontinue menswear. The company was purchased by competitor Forever 21 out of bankruptcy in 2005, with its stores either closed or converted to F21 formats.
In 2007, Payless ShoeSource of Topeka, Kansas acquired Stride Rite. On August 16, 2007, the company changed its name to Collective Brands, Inc.By 2009, it was announced that Stride Rite would operate under the further-revised name of Collective Brands Performance + Lifestyle Group.
Payless ShoeSource filed for bankruptcy in April 2017 and closed 400 of its stores. [233] 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. [234]
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