October 26, 2008 |
Payless ShoeSource Inc. is going green as it plans to sell a line of ecologically friendly shoes and handbags at low prices. The Topeka, Kan.-based chain said the first eight to 12 styles of women's shoes will be in 500 to 1,000 of its 4,500 stores and its online store early next year. The shoes will sell for an average of less than $30 a pair. They will be joined soon with styles for men and children, Payless said. The new brand, which has yet to be named, will be made from materials with less effect on the environment, such as organic cotton and linen, hemp and recycled rubber soles, the company said.
June 28, 2008 |
Payless ShoeSource, which last year changed its name to Collective Brands Inc., agreed to pay $30 million to rival K-Swiss Inc. to settle allegations that it violated the Westlake Village company's trademark by selling shoes with five-stripe designs. Under the deal, Payless agreed not to sell "confusingly similar" footwear, K-Swiss said in a regulatory filing. Payless, based in Topeka, Kan., will be allowed to sell its inventory of disputed shoes through the end of the year. A trial was scheduled to begin July 8 in federal court in Los Angeles.
June 8, 2008 |
Patricia Field, the stylist and costume designer who made "Sex and the City" a fashion phenomenon, isn't a big believer in quiet glamour. From floppy fedoras and massive fabric flowers to oversized brooches and skintight breeches, Field festooned the fab four of the HBO series and newly released film with a steady stream of statement pieces -- including cheap 'n chic finds from New York's eclectic street vendors. Now the stylist has brought her penchant for frugal flash to her second capsule collection for discount shoe seller Payless ShoeSource, which hit stores last week, just in time for the movie's opening.
May 23, 2007 |
Payless ShoeSource Inc. said Tuesday that it would buy shoemaker Stride Rite Corp. for about $800 million, adding Keds and other brands to its stable and expanding its retailer distribution. The news sent shares of Stride Rite up more than 30% in extended trading, while Payless stock rose more than 4%. The $20.50-a-share offer represents a 33% premium over Stride Rite's closing price Tuesday.
November 22, 2006 |
Walt Disney Co. said it would work with Payless ShoeSource Inc. on a line of Disney-themed footwear as part of a deal that cuts out the licensing middleman and has the companies working more closely together on shoe design and marketing. The direct-to-retail agreement calls for Burbank-based Disney to collaborate with Payless to develop and sell shoes exclusively in 4,600 Payless stores and on Payless.com.
June 19, 2006 |
When Matt Rubel took over as chief executive of Payless ShoeSource Inc. last summer, he inherited a company a little down at the heels. With more than 4,600 stores, Payless is the largest specialty shoe retailer in the country. But years of conservative management had left it in the worst place for a seller of fashion -- out of date.