Who We Are: Payless is the largest specialty family footwear retailer in the Western Hemisphere, offering a wide range of shoes and accessory items at affordable prices for every member of the family.

Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by Blum Capital, and Golden Gate Capital. In 1961, it became a public company as the Volume Shoe Corporation which merged with The May Department Stores Company in 1979.

Payless - Our motto: When in doubt, buy 'em all.

HOUSTON – Payless is back. The shoe retailer, which has formally dropped the name “Shoesource” from its brand name, announced in a press release Tuesday that it is opening new online retail options and new brick-and-mortar locations.

Given Payless's main target audience is families, such a seamless experience will bring much-needed convenience into their footwear shopping. “It will not matter if the customer is contacting Payless through the website or through social media or by going to a store or by calling on the phone.

Amid the fitness and sneaker crazes of the 1980s, Payless found success with its Pro Wings sneakers. Selling for just $15 to $20, the sneakers featured Velcro straps instead of laces - and with their price and practicality became a popular choice among schoolchildren. Payless ShoeSource Inc.

Golden Gate CapitalPayless Finance, Inc. Payless/Parent organizations

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Golden Gate CapitalPayless Finance, Inc. Payless/Parent organizations

Payless did not evolve with the market. The Payless private label shoe selection became less and less competitive, offering repetitive shoe offerings while other budget retailers seasonally offered up-to-date, fashionable shoes, at similar price points.

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