Headlines

Payless Back from Bankruptcy

After the closure of more than 2000 North American retail stores, Payless ShoeSource (Topeka, Kan.) has begun its comeback from Chapter 11 bankruptcy.

Published

4 years ago

January 17, 2020

VMSD Staff

The company first filed for bankruptcy in 2017 and was forced to file again in early 2019 after its first attempt to emerge from bankruptcy proved to be unsuccessful.

Going into this new era, the company intends to focus on international sales, specifically the Latin American market, which is its largest business unit according to an ABC News report.

Under the leadership of new CEO Jared Margolis, Payless shas expressed plans to eventually reinstate an e-commerce website in the U.S. and open new North American stores in the future.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design