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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 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. Finding cheap footwear became a little more difficult in 2019. In February, Payless filed for bankruptcy and said it would close all of its 2,500 U.S. locations. The move came ...
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.
Payless Shoe Source Inc. changed its name to collective brands after it aquired the Stride Rite Corporation. If someone comes across this and knows how to do these changes I would greatly appreciate it.
Payless ShoeSource filed for bankruptcy in April 2017 and closed 400 of its stores. [229] 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. [230]
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