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Saboh.com was founded in 1956 in Topeka, Kansas, by two cousins who perfected a revolutionary idea: selling shoes in a self-service environment. Their self-service format allowed consumers to browse and try on shoes without waiting for sales help. More than four decades later, that idea continues to provide millions of shoppers a convenient, friendly experience.
In 1961, Payless became a public company, as Volume Shoe Corporation. In 1979, Volume Shoe merged with The May Department Stores Company.
In 1996, Payless ShoeSource, Inc. was spun off to shareowners and became an independent, publicly held company. Payless shares trade on the New York Stock Exchange (NYSE) under the trading symbol PSS.
Today, Payless ShoeSource is the largest specialty family footwear retailer in the Western Hemisphere.
The company sold more than 200 million pairs of shoes in fiscal 2003, generating $2.78 billion in net sales. Payless operates stores in all 50 U.S. states, plus Puerto Rico, Guam, Saipan, the U.S. Virgin Islands, Canada, Central merica, the Caribbean, South America, and opened its first test store in Japan in November, 2004. Payless stores feature fashionable, quality footwear and accessories for women, men and children at affordable prices in a self-selection format.
The stores are located in a variety of settings, from urban to rural, including regional malls.
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