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10 photos that show the glory days of Payless ShoeSource

Published by Business Insider on Wed, 20 Feb 2019

Payless announced it's liquidating and closing all of its stores in North America.The company had humble beginnings in Topeka, Kansas.Eventually, the company spread to countries all over the world and became one of the top shoe retailers in the US.Payless is about to meet the same fate as some of America's fallen companies.Like Toys "R" Us, Payless ShoeSource announced it will be liquidating and closing all of its stores in the US and Canada. As sales dipped to dangerous lows and a declaration of bankruptcy came, it's easy to forget that Payless was once one of the most popular shoe retailers in the country.Here's what Payless was like from its humble beginnings to its glory days.In 1956, two cousins started selling cheap shoes in Topeka, Kansas in stores known as Payless National.Louis and Shaol Pozez started Payless as a small chain of stores but eventually expanded to a corporation known as Volume Show Corporation, Inc. The two cousins stayed on as president and CEO when the company was bought by May Department Stores in 1979.In 1991, Payless ShoeSource Inc. was founded.Throughout the years, the company remained a staple in the shoe industry.The store has reached every state and countries all over the world.Eventually, it became the No. 1 shoe retailer in the US.See the rest of the story at Business Insider
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