The missing factor is that when shoe production was completely sourced to a few companies in China (70% of US market), nearly all shoes turned to shit. So Payless wasn’t really differentiated itself from any other value brand. The end of Payless is just another private equity story, and poor kids will just get a smaller variety of shitty shoes from WalMart, TJMaxx, or Dollar General. The majority of us get screwed in…
Tell me about it. I can usually find name-brand running shoes for under $80 on clearance, but many models are just garbage that will fall apart after a few dozen miles. La Sportiva or New Balance? Mostly good. Salomon? Hit or miss.