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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 1961, it became a public company as the Volume Shoe Corporation ...
Payless shoe stores to return after shuttering last year, citing need for cheap footwear. KATE FELDMAN. August 18, 2020 at 10:41 AM. It feels good to pay less — especially during a pandemic and ...
Rack Room Shoes is an American footwear retailer headquartered in Charlotte, North Carolina, which operates more than 500 stores in 36 states under the Rack Room Shoes and Off Broadway Shoe Warehouse brands. Both brands offer a variety of styles for women, men and children in athletic, comfort and dress categories, as well as accessories ...
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(For example, in Indiana, Payless was a grocery chain). By 1981, the company was the 5th largest in the industry. In 1983, Payless Cashways purchased the Sacramento, California–based Lumberjack Stores Inc for $26.3 million (~$67.6 million in 2023).
The discount shoe chain has filed for Chapter 11 protection on less than $1 billion in assets and $10 billion in liabilities. Payless has filed for bankruptcy and will immediately close 400 stores ...
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