Payless Holdings was founded in 1956 by brothers Louis and Shaol Pozez in Topeka, Kansas.
In 1961 the company went public as Volume Shoe Corporation which later merged with May Department Stores Company in 1979.
In 1996 Payless became an independent publicly held company.
In 2007 the company acquired Stride Rite Corporation and changed its name to Collective Brands, Inc.
Payless was purchased in 2012 by Wolverine World Wide, Blum Capital, and Golden Gate Capital for $1.32 billion.
In 2017, the company filed for Chapter 11 bankruptcy and emerged later that same year after reorganizing its debts.
Today Payless has almost 5,000 stores globally in the United States, Barbados, Jamaica, Dominican Republic, Indonesia, Singapore, Malaysia, Philippines, and Thailand.
Payless has 26,800 employees and had $2.8 billion in revenue in 2012.
PaylessPayless Holdings was founded in 1956 by brothers Louis and Shaol Pozez in Topeka, Kansas.
In 1961 the company went public as Volume Shoe Corporation which later merged with May Department Stores Company in 1979.
In 1996 Payless became an independent publicly held company.
History
In 2007 the company acquired Stride Rite Corporation and changed its name to Collective Brands, Inc.
Payless was purchased in 2012 by Wolverine World Wide, Blum Capital, and Golden Gate Capital for $1.32 billion.
In 2017, the company filed for Chapter 11 bankruptcy and emerged later that same year after reorganizing its debts.
Today Payless has almost 5,000 stores globally in the United States, Barbados, Jamaica, Dominican Republic, Indonesia, Singapore, Malaysia, Philippines, and Thailand.
Payless has 26,800 employees and had $2.8 billion in revenue in 2012.