Payless news and archive

Video: The Payless Experiment

High fashion for 1/10 the price. Source: Payless, YouTube.

Video: The Payless Experiment 'A fake luxury store'

Payless set up a fake store to showcase the quality of our shoes. Why pay $200+ when you can pay $19.99? Source: Payless, YouTube.

Business

Payless emerges from bankruptcy and focuses on brick-and-mortars

Payless just confirmed it will be emerging from bankruptcy this month. After facing numerous financial struggles, the shoe company is now working on a new strategy involving expanding retail plans. The brand had built up approximately 847 million dollars of debt according to Business of Fashion. The company will emerge from bankruptcy this...

Retail

Payless to close 400 locations in the U.S.

Payless ShoeSource is closing just under 400 underperforming stores shortly in the U.S. and Puerto Rico. Within the next couple of months, a joint venture between Great American Group and Tiger Capital Group will handle store closing sales for the impending shuttering flagships. The Topeka-based company will continue to operate most of its...

Business

Payless files for bankruptcy

Payless ShoeSource announced that they have filled for chapter 11 bankruptcy on less than 1 billion dollars in assets and 10 billion dollars in liabilities, and will immediately close 400 stores. Payless has been in negotiations with lenders and at one point closed 1000 stores as part of a restructuring plan. While additional store closures are...