Payless ShoeSource Inc.headquartered in Topeka, Kansas is a discount footwear retailer in America. In 1956 it was established by cousins Louis and Shaol Pozez. Payless is a privately held company which is owned by Blum Capital, and Golden Gate Capital. It became public In 1961, as the Volume Shoe Corporation merged with The May Department Stores Company in 1979. The 1980s – Payless its Pro Wings line of discount sneakers was very well known, which often had Velcro straps instead of laces. Payless ShoeSource became an independent publicly held company in 1996.In 2004, Payless ShoeSource made an announcement that it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, The company soon acquired the Stride Rite Corporation. It then changed its name to Collective Brands, Inc. Circa.Volume Shoe thereafter obtained the second Hill Brothers Shoe Store chain that was started in St. Louis, in 1956 Mo, Al Melnick and Sol Nathanson. The very famously St. Louis version of “‘Hill Brothers Self Service Shoe Store'” had gone from 3 to 103 stores right through the Midwest and South between 1956 and 1971. Payless ShoeSource store, Briarwood Mall, Ann Arbor, Michigan in 1972 onwards Volume Shoe began to consolidate stores in proximity and convert others to the “Payless” brand. The St. Louis operation of “‘Hill Brothers Self Service'” stores, was known for the slogan “two for five-man alive!”, that is, women and children’s shoes were two pairs that cost five dollars.
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