Payless ShoeSource Steps Out of U.S. Retail, Imports Reliant on China — Panjiva


Payless ShoeSource Steps Out of U.S. Retail, Imports Reliant on China

Cons. Discr. - Apparel 214 Cons. Discr. - Retailing 156 Financing 85 U.S. 3306

Payless ShoeSource has reportedly put its U.S. operations into liquidation as a result of declining sales. Its performance in terms of U.S. seaborne imports in 2018 had been volatile with a 5.3% year over year decline in 4Q following a 38.8% bounce in the third quarter. The company handled its own sourcing via its Collective Brands logistics subsidiary with 75.2% of its shipments in the 12 months to Jan. 31 coming from China. That was slightly higher than the 59.7% industry average and relied less on Taiwan and Indonesia than Adidas and Skechers which along with Payless made up the top t...

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