U.S. Shoe Retail Chain To Open Seven Stores In Philippines In 2010
December 3, 2009 2:13 p.m. EST
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Topics: World, United States, Business
Windsor Genova - AHN News Writer
Manila, Philippines (AHN) - Payless ShoeSource will open seven stores in the Philippines next year, according to an official of the Kansas-based footwear retailer.
The Rustan Group's Store Specialists Inc. has obtained a franchise from Collective Brands Inc. (CBI), owner of Payless, plans to establish a foothold in the Philippine shoe market.
CBI chief executive Matthew Rubel said a Philippine extension of the brand is timely due to high footwear consumption in the region. The future Payless outlets in the Philippines is part of CBI global expansion that will see the retail chain increasing its outlets in the Middle East and even debut in Russia.
There are currently 4,500 Payless stores worldwide.
I doubt if under SSI we'll "payless"