Payless Returns from Bankruptcy as an Online Retailer: Business Casual

Millennials saw another piece of their childhood die off last year when news revealed the reliable back-to-school staple, Payless Shoesource, was filing for bankruptcy. The affordable shoe store chain could not survive the ecommerce boom and shuttered over 2,000 brick and mortar locations.

Powered by RedCircle

But, an announcement on Tuesday revealed Payless is making a phoenix-like comeback. The brand is returning to the market with the same values, community and affordability, but with an all new range of products including shoes, apparel, and accessories. Reflecting the expansion in merchandise, the company plans to drop “shoesource,” from the name. Payless intends to start online in ecommerce, with plans to open 300-500 new stores. The stores will reflect the shift toward the experience economy and feature technology like touch screens, smart mirrors, and augmented reality.

Hosts Daniel Litwin and Tyler Kern on this Business Casual snippet as they analyze Payless’s new business model, as well as how they plan to reach consumers looking for value in the middle of a pandemic.

For the latest news, videos, and podcasts in the Retail Industry, be sure to subscribe to our industry publication.

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Image

Latest

AI helps security teams
Staying Left of the Bang: How AI Helps Security Teams with Crisis Prevention
September 12, 2024

Most security conversations focus on responding to attacks or incidents after they occur. This week, our Innovation Obsessed panel shifts the focus to prevention—moving left on the timeline, before the bang. What can you know in advance? How early can you know it? And most importantly, how can you stay ahead of the threat, keeping…

Read More
Starin Salamander and Jabra
The Future of Flexible Meeting Rooms: A New Partnership Between Starin, Salamander, and Jabra
September 11, 2024

With hybrid work environments becoming the norm, businesses are constantly on the lookout for adaptable solutions for meeting spaces. With shifting needs in workspace design, flexibility and ease of setup are paramount. The latest innovation, the Acadia tabletop stand, is revolutionizing video-enabled meeting rooms, offering a construction-free setup that maintains aesthetics while reducing costs. How…

Read More
career transitions
Navigating Career Transitions: Insights from Dr. Jamil Northcutt
September 11, 2024

In the latest episode of Chats Not Stats, Jamil Northcutt, Ph.D., the Founder & CEO of Strategic Transitions Advisors, LLC, shares his extensive experience in navigating career transitions effectively. This episode comes at a crucial time when many professionals contemplate significant career changes, highlighting the critical nature of career transitions. Host Adrienne Starr and…

Read More
resilience in adversity
Resilience in Adversity with Kate Cline | Ep. 13 |
September 11, 2024

Exploring resilience in adversity, this episode of the Growthwell podcast showcases the insights of Kate Cline, the Head of Facilitation at Lumina Learning USA. Understanding oneself at a deeper level is crucial for sustained personal and professional growth in today’s dynamic professional environment. This episode looks at the transformative power of self-awareness and resilience….

Read More