Payless ShoeSource History & Historical Profile

Historical Record

August 2020 Summary: In 2019, North American stores including their e-commerce platform filed for bankruptcy. The filing excluded stores outside of North America, which will continue to operate. Payless emerged from bankruptcy on January 16, 2020, and on August 18, 2020, Payless officially dropped 'ShoeSource' from its name, and launched its e-commerce website.

February 2019 Summary: Payless ShoeSource is the largest specialty family footwear retailer in the Western Hemisphere, offering a trend-right and comprehensive range of everyday and special occasion shoes and accessory items at affordable prices for every member of the family. The company's mission is simple: To be the Go To, Get More, Pay Less shoe store for their target customers. Payless was founded in 1956, in Topeka, Kan. on a revolutionary idea – selling quality shoes at affordable prices in a self-select environment. More than 60 years later, Payless continues the self-select model combined with leading customer service to provide a fun and engaging shopping experience for its customers. Today, Payless employs more than 18,000 associates worldwide and is a privately held company. The ownership group includes: Alden Global Capital, Invesco Senior Secured Management, and Octagon Credit Investors. April 2017 summary: In April 2017, Payless Shoesource filed for Chapter 11 Bankruptcy and announced the closing of 400 stores in the United States. Payless emerged from bankruptcy court protection in August 2017.

April 2006 Summary : the world's footwear authority, is the smart shopper's source for style-right, great value footwear and accessories for the entire family. With more than 4,600 retail stores throughout North, Central and South America and its e-store Payless.com(R), Payless puts more feet in the latest footwear fashions than any other specialty retailer.