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OT Payless Shoes reportedly on the ropes

Husker.Wed.

Nebraska Football Hall of Fame
Feb 13, 2004
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According to Bloomberg. That sucks. I used to lay out $150 for a pair of shoes at Men's Warehouse. I can get a pair that looks the same for $29 at Payless. They don't last as long, but I can replace them in and out in 10 minutes. Plus many of the styles come in "W" that are more roomy and don't torture my feet like many dress shoes. I don't understand it, every time I shop there, there are two or three people in the store and those people usually buy 2-3 pairs at a time.
 
yep. always seem pretty busy to me...amazon? or internal?
 
JC Penny's shutting down a lot of stores as well. Retail was always a super competitive industry, but it seems an even bigger problem with more and more inexpensive online alternatives. Women are more and more turning directly to China's Aliexpress for dirt cheap clothing. Not even Amazon can compete with them on price. Also, now with Amazon charging for sales tax, it may just force people to different platforms. I don't know if the government would dare stop access to those sites. The globalization of electronic commerce continues and if the consumer is given the choice, they will continue to cannibalize their own.
 
I read an article in a finance magazine a while back predicting all of these closings. The U.S. way overbuilt retail space per capita, the numbers were staggering. They simply can not all survive and then throw in on-line sales and your brick and mortar stores are going to be relegated to big cities. Payless had a HQ in Topeka so it was well known they were in trouble for years.

Also read that 2018 car sales are going to tank big time. Lots of people purchased new coming out of recession and financed for way longer than usual. Will be interesting to see if those predictions come true as well.
 
Payless shoes suck.
Some of you are going to have to find a different brand of boat shoes to wear socks with.
You mean you don't think this ensamb is cool?

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