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Senior Advisor

PAYLESS - Shoe Source COLLAPSE

Not  real  sure  of  the  amount  of  AG  products used  in  footwear  these  days - ?

 

Examining  the  business  model  in  with  start  up  in the  - Kansas City  - Topeka  Kansas  - Midwest  area  and  looking  at  the  business  model  changes  over  the  last  5  decades  -   -   -

 

If  your  NOT  GROWING  you  won't  be  Going  -  being  a  positive  or  negative  in  this  case  study  - ? 

 

2  for  $5  -  Man Alive  -  Motto  - ?      

4 Replies
Highlighted
Honored Advisor

Re: PAYLESS - Shoe Source COLLAPSE

I suppose anchor stores of shopping malls go broke (Sears & Pennys) that reduces traffic to the whole mall, affecting individual stores.  But there`s "outlet malls" where shoppers are under the illusion of getting a good deal, like Nike and such.  Walmart handles cheap shoes for people that "don`t walk" .  Farm stores like Tractor Supply Co. carry good brands for people that work, like Ariat  Workhogs.   Hipster women probably wouldn`t want to be caught dead in a store with "Payless" in it`s name...so it goes.

Highlighted
Senior Advisor

Re: PAYLESS - Shoe Source COLLAPSE

BA  -  Reading  the  PayLe$$  CORP  Model of  the  last  10  years -  pretty  much  sums  it  up  -  ? 

 

Wondering  if  the  Carolina  Pork  folks  still  use  Amazon  extensively  -  ?      

Highlighted
Senior Contributor

Re: PAYLESS - Shoe Source COLLAPSE

Some important policy considerations to be taken away there.

 

Like most of the major retail bankruptcies, it had come under the ownership of a couple private equity outfits so they almost certainly prospered as they sucked it dry.

 

They tend to run the Trump Casino model where they vampire the outfit while stiffing the creditors, employees etc.*

 

Not sure abut all the policy considerations but one would be to eliminated the carried interest loopholes and two would be to have a much higher tax rate on very high incomes- both would make vampire capitalism less attractive.

 

Another would simply be for us not to be suckers and ooh and ah over the mansions and lifestyles of the scammers behind the smoked glass at the Super Bowl.

 

*hard to figure out how bad of a businessman Trump had to have been that he still ended up not that rich.

Senior Advisor

Re: PAYLESS - Shoe Source COLLAPSE

44 -   seems  once  the  original  generation  of  management  is  swept  out -  your  writings   apply  -   -   -