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Pay-Less National was founded in 1956 in Topeka, Kansas, by two cousins, Louis and Shaol Pozez, to open self-service stores selling budget footwear. Circa 1962–1963, Volume Shoe company purchased the original Hill Brothers Shoe Company based in Kansas City, Missouri and converted all 25 of their stores to the "Payless" name. In 1971, Volume ...
Famous Footwear is a nationwide chain of retail stores in the United States dealing in branded footwear, generally at prices discounted from manufacturer's suggested prices. The chain is a division of the St. Louis –based Caleres and had more than 1,125 stores in 2010.
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The St. Louis-based footwear company, which owns Famous Footwear, Allen Edmonds, Sam Edelman and more brands, reported that Q2 net sales were up 9.3% from last year, coming in at $738.3 million.
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The brand was actually purchased by Toys R Us in 2009, but was forced in 2015 to shutter its famous location on Fifth Avenue in New York City, its sole remaining store.
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