Payless ShoeSource
PE-Owned1 Documented ImpactShoe retailer bankrupted twice under PE ownership (Blum Capital, Golden Gate Capital). Closed 2,500+ stores
7
locations tracked
Timeline
1956
Payless ShoeSource founded
2019CriticalClosure / Bankruptcy
Payless ShoeSource bankrupted twice, closing 2,500+ stores under PE ownership
PE owners Golden Gate Capital and Blum Capital extracted dividends while loading Payless with debt, leading to two bankruptcies and the closure of nearly all stores. 16,000+ workers lost jobs.
Before vs. After PE Acquisition
Stores closed
Reported 2019
Before PE
4,400 stores
After PE
0 (liquidated)
↓ 100%
Tracked Locations
FL (1)
Tampa
6779 Main St
Tampa, FL 33601
555-135-5212
IN (2)
Indianapolis
9299 Main St
Indianapolis, IN 46201
555-233-9463
Indianapolis
2479 Main St
Indianapolis, IN 46201
555-781-8353
MN (1)
Minneapolis
6407 Main St
Minneapolis, MN 55401
555-802-4474
OH (1)
Cleveland
51 Main St
Cleveland, OH 44101
555-195-9996
PA (1)
Philadelphia
9462 Main St
Philadelphia, PA 19019
555-720-2403
TX (1)
Austin
2782 Main St
Austin, TX 73301
555-545-7836