It has $100 million in loans that will come due in the next five years. Feb 18, 2019: 1 Petition Chapter 11 Voluntary Petition Non-Individual, Schedules and Statements. There are 337 companies in the Payless Shoesource Worldwide, Inc. corporate family. Payless ShoeSource  The primary purpose of the division was to develop brands and provide them with marketing and branding guidance in various markets.. Collective Brands, Inc. was an American holding company that owned Payless ShoeSource (footwear retailer), Robeez (shoe manufacturer) and Airwalk (shoe manufacturer). As part of the transaction, Wolverine World Wide, a Michigan-based boot and shoe manufacturer, acquired Stride Rite Corporation including its Sperry Top-Sider, Keds, Saucony, and other brands from Collective Brands, Inc., Learn how and when to remove this template message, "Collective Brands will be split in two in $2-billion acquisition", "Wolverine Worldwide: About us - History - 2010", https://en.wikipedia.org/w/index.php?title=Collective_Brands&oldid=949762422, Articles needing additional references from March 2020, All articles needing additional references, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 April 2020, at 11:36. Payless purchased many of these companies during the 2000s, and on August 16, 2007, the company changed its name to Collective Brands, Inc. On October 9, 2012, Collective Brands, Inc. announced its acquisition by Golden Gate Capital and Blum Capital was completed. Payless Shoesource Worldwide, Inc. is located in Lawrence, KS, United States and is part of the Shoe Stores Industry.  Payless emerged from bankruptcy on January 16, 2020, with plans to re-launch a U.S. e-commerce site. In 1961, it became a public company as the Volume Shoe Corporation which merged with The May Department Stores Company in 1979. Feb 18, 2019: 1 Petition Chapter 11 Voluntary Petition Non-Individual, Schedules and Statements. In 2019 North American stores including their e-commerce platform filed for bankruptcy. 1962: The company goes public as Volume Distributors. In April 2017, the company, struggling with the migration of retail shopping to e-commerce, filed for Chapter 11 bankruptcy.  It planned to immediately liquidate nearly 400 stores in the United States and Canada. The St. Louis version of "'Hill Brothers Self Service Shoe Store'" went from 3 to 103 stores in the Midwest and South between 1956 and 1971. CLI held and owned various clothing and sport brands, particularly "youth lifestyle brands" and board-sport brands such as Airwalk, Vision Street Wear, Sims, Lamar and LTD, World Snowboarding Championships, Sugarboards, Carve, genetic, Dukes, Rage, Ultra-Wheels, Hind, Spot Bilt and Skate Attack.  On July 14, 2014, Authentic Brands Group acquired some assets from Payless's division Collective Licensing International, LLC, which included brands such as Airwalk, Hind sports clothing, Vision Street Wear, and Above The Rim..  The company also has a stunt premium banner, Palessi Shoes.  The company's bankruptcy announcement was part of a trend of retail closures in 2016–2017 known as the retail apocalypse. As a result, Payless ShoeSource and Collective Licensing International operate as a private, standalone entity known as Payless Holdings.  The 790 stores across Latin America and the other stores internationally would not be affected. Payless Shoesource Worldwide, Inc. has 19000 total employees across all of its locations and generates $161.06 million in sales (USD). 1956: Pay-Less National is founded in Topeka, Kansas, by two cousins, Louis and Shaol Pozez, to open self-service stores selling budget footwear. In 1996, Payless became an independent publicly held company. Payless Shoesource Worldwide, Inc. has 19000 total employees across all of its locations and generates $161.06 million in sales (USD). In the 1980s, Payless was widely known in the U.S. for its Pro Wings line of discount sneakers, which often had Velcro straps instead of laces. , Interior of a Payless ShoeSource in Groveton, Virginia, Payless in Santo Domingo, Dominican Republic, Payless, operating as Collective Brands, Inc. formed a division called Collective Licensing International, LLC (CLI) in January 2004, which was based in Englewood, Colorado. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. The company had a total revenue for 2011 of US$ 3.4 billion. Debtor Name Payless ShoeSource Worldwide, Inc. 1979: Volume Shoe is acquired by the May Department Stores Company. 2012: Collective Brands Inc., which owns footwear brands such as Sperry Top-Sider and Keds as well as the retailer Payless, will be split in two by multiple buyers, Wolverine Worldwide, Blum Capital and Golden Gate Capital, in a purchase valued at $2 billion, including debt. Fee Amount $1717 Filed by Payless ShoeSource, Inc. Summary of Assets and Liabilities due 3/4/2019.Schedule A/B due 3/4/2019. 1971: Volume Shoe Corp. acquires the St. Louis based Hill Brothers Self Service Shoe Store. Volume Shoe originally operated the 103 stores under the "Hill Brothers Self Service" name. The company was the first among a group of retailers going through bankruptcy since 2016 to successfully complete the process of restructuring. It also announced plans to open between 300 and 500 free-standing stores in North America over the next five years. During 2005, Stride Rite completed its acquisition of Saucony. Write A Review. also notify party: payless shoesource worldwide inc. 4910 corporate center drive, lawrenceks 66047 usa tax id or importer no.  On August 18, 2020, Payless, officially dropping 'Shoesource' from its name, did relaunch its ecommerce website. , "Payless ShoeSource closing all 2,100 U.S. stores, starting liquidation sales Sunday", "PAYLESS SHOESOURCE ANNOUNCES CLOSE OF STRIDE RITE ACQUISITION AND HOLDING COMPANY NAME CHANGE TO COLLECTIVE BRANDS, INC. – Payless", "Payless ShoeSource owner agrees to $2B sale", "Payless Boosts Value Of Products With Brilliant 'Palessi' Stunt", "Owner of Payless, Stride Rite stores being sold", "Authentic Brands Group, LLC Acquires Collective Licensing, LP, Including Iconic Global Lifestyle Brand 'Airwalk,' From Payless Holdings LLC", "Payless to close all 248 Canadian stores, liquidation sales expected", "Picway Shoe Stores to Go Out of Business after Takeover by Payless. Collective Brands, Inc. was an American holding company that owned Payless ShoeSource (footwear retailer), Robeez (shoe manufacturer) and Airwalk (shoe manufacturer).