Are Payless Shoe Stores Coming Back to West Michigan?
Last year Payless filed for bankruptcy and closed all its U.S. stores, but now it sounds like the company might be coming back from the dead.
Payless ShoeSource announced Thursday that the company has emerged from bankruptcy with a new executive management team and "is poised to unveil its new strategy in 2020."
The company still has more than 700 locations operational in Latin America, Asia and the Middle East, and aims to return to the U.S.
According to a release,
The company will advance its trusted mission of delivering high-quality, stylish, and comfortable footwear for the entire family, at a value price-point. Furthermore, the Payless Brand plans to collaborate with high-profile individuals and brands to ensure exclusive product offerings at a compelling price-point for its loyal base. Payless is in the process of considering new technologies to streamline and optimize the customer experience. This approach will apply across all distribution channels, worldwide.
New Chief Executive Officer, Jared Margolis, said,
“We intend to leverage Payless’ existing infrastructure, which is best in class and already includes product design & development, distribution, marketing, and a strong relationship with major footwear manufacturers. Thus, providing the new Payless with the ability to be nimble, innovative, and to fast-track our biggest growth opportunity: The United States."
Payless did not give a timeline for re-opening stores in the U.S.
There were several locations in West Michigan, including Rivertown Crossings Mall, Woodland Mall, 28th Street, and Alpine Avenue.
Would you like to see Payless come back?