Payless ShoeSource is the largest store of its kind in the United States but has recently had some tough times. Within the past few years Moody’s has lowered their credit rating multiple times, they’ve closed 800 stores, and filed for bankruptcy. This video takes a look at their rise and fall and attempts to provide explanations for all of it.

Patreon:   / companyman  
Twitter:   / mikecompany17  
Website: https://companyman.squarespace.com
Recent Video: Sears:    • The Decline of Sears...What Happened?  

A big thanks to all of my Consultant level Patrons: Alexander Snyder, Andrew, Benjamin Thomas, Bradley J. Humble, Caleb stephenson, Chris Lion-Transler, Cody Davis, Corey James Dzielinski, Cory Scamihorn, Cristian Smith, Daniel Bernard, Devin Rosenthal, Dylan Boggs, Evan Williams, Gregory Estep, Harrison Wright, Helen Pearce, Isaah Jeffries, Jacob, Jacob Filmer, Jeffrey Russom, Jimmy1985, Joe Pettit, Johannes Jaemsen, SuperWings AeroGlittetGel, Kai-Uwe Markeli, Kunwoo Kim, M.A. Driggers, Marshall Kurtz, Mike Weaver, Mina corridor, MyNameIsKir, Ryan Kelley, Sirpoptart, Sondre Grimsmo Sinnes, Specter Koen, Stewart Tritapoe, Thomas McGill, Tim Schmit, Vincent Frame.


Other Company Declines:
Kmart:    • The Decline of Kmart...What Happened?  
Blockbuster:    • The Decline of Blockbuster...What Hap...  
RadioShack:    • The Decline of RadioShack...What Happ...  
Solo Cups:    • The Decline of Solo...What Happened?  
Toys "R" Us:    • The Decline of Toys R Us...What Happe...  
hhgregg:    • The Decline of hhgregg...What Happened?  
Pan Am:    • The Decline of Pan Am...What Happened?  
ESPN:    • The Decline of ESPN...What Happened?  
Gibson:    • The Decline of Gibson...What Happened?  
iHeartMedia:    • The Decline of iHeartMedia...What Hap...  
Bon-Ton:    • The Decline of Bon-Ton...What Happened?  
Kodak:    • The Decline of Kodak...What Happened?  
General Electric:    • The Decline of General Electric...Wha...  
Woolworth:    • The Decline of Woolworth...What Happe...  
Dell:    • The Decline of Dell...What Happened?  
Sears:    • The Decline of Sears...What Happened?  
Payless:    • The Decline of Payless...What Happened?  
______________________________

Intro Made By -    / @jombo1