No rescue for Payless Shoes Australia

payless shoes, shoesPayless Shoes will close all 132 stores in Australia after there were no acceptable offers made for the business, according to the retailer’s appointed administrators, Ferrier Hodgson.

All stores are expected to be transferred or closed by February next year.

“While we received a number of expressions of interest from various parties, there were no acceptable offers for the business as a whole,” said Jim Sarantinos, who along with James Stewart and Peter Gothard of Ferrier Hodgson said the closure process is progressed.

Ferrier said it will continue to work with interested parties and landlords to transfer stores and employee contracts were possible.

It has been a quick demise for the shoes retailer, who entered voluntary administration for the second time in three years late last month.

Payless Shoes Australia opened its first store in Sydney in 1980 and was acquired in March, 2013 by Payless ShoeSource, Inc. based in Topeka, Kansas in the United States of America.

Inside Retail has contacted Ferrier Hodgson for further comment.

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Comments

5 comments

  1. Barry Nicolaou posted on December 15, 2016

    Personalised customer experiences are the future of retail

    • Evan posted on December 15, 2016

      Payless didn't require a personalised customer experience they sold low price shoes and that was that, the reason it has failed is due to the Turnbull government not giving them fair play to these international retail players. I'm sure you will spin and sell it to suit yourself but the fact is I am right 100%.

  2. Evan posted on December 15, 2016

    How long to the Retail Doctor has his say on why this happened. Why didn't they just call Mr Walker he would have saved them and shown them how to be a fit retailer.

  3. Simon Arkwright posted on December 16, 2016

    Evan - you are a spanner my friend

  4. Harris posted on December 17, 2016

    The Turnbull government needs to grow a pair and make some tough decisions. Whats happened to the penalty rates decision?, its one of the reasons why retail in Australia is being slaughtered in retail. Its time for Malcolm Turnbull to stop trying to act like the distinguished Gentleman and kick-start the economy again.

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