Payless Holdings: Shoes Galore
There’s certainly nothing less with Payless Holdings except the low price of its shoe items. This company is a footwear specialty retailer with more than 4,666 stores around the world. The holding company is made up of PaylessShoeSource and Collective Licensing International.
PaylessShoeSource sells a huge range of shoes and accessories at affordable prices. There are well-known brands of shoes sold at Payless stores. These brands include Airwalk, Dexter, Champion and America Eagle.
On the other hand, Collective Licensing International (CLI) is a global brand development and licensing company that specializes in building and growing brands, including Airwalk, Above The Rim, Clinch Gear, Vision Street Wear and SIMS.
Collective Brands was the previous owners of Payless. Golden Gate Capital and Blum Capital Partners in October 2012 completed the acquisition of PaylessShoeSource and Collective Licensing International to establish the stand-alone entity.
PaylessShoeSource boasts of being the largest specialty family footwear retailer in the Western Hemisphere. The mission of Payless is to be the first choice for budget-conscious consumers who shop for shoes and accessories. With $2.8 billion in annual sales the company is certainly living up to its mission.
Affordability plus the latest trend has been a winning combination for Payless which is targeting everyone in the family. There are children’s shoes with prices starting at $10. There are a range of styles for women starting at $15 and men starting at $20. For accessory items they start for as low as $2.
Payless traces its roots to Topeka, Kansas where it was founded in 1956. It sold shoes on a revolutionary idea which was to sell them on a self-select environment. Payless now serves millions of customers through its global network of stores in all of the 50 U.S. states, Puerto Rico, Guam, Saipan, the U.S. Virgin Islands, Canada, the Caribbean, and South America. Through franchising agreements the firm is also expanding in the Eastern Hemisphere. You can find Payless franchise stores in countries like Russia, Saudi Arabia and the Philippines.