Payless ShoeSource
Shoe retailer bankrupted twice under PE ownership (Blum Capital, Golden Gate Capital). Closed 2,500+ stores
- FOUNDED
- 1956
- IMPACTS
- 1 documented
- WEB
- payless.com
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Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1956
Payless ShoeSource founded
2019
Payless ShoeSource bankrupted twice, closing 2,500+ stores under PE ownership
CriticalClosure / BankruptcyPE 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 / After
MetricBefore PEAfter PEΔ
Stores closed
reported 2019
before 4,400 stores
after 0 (liquidated)
-100%
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