Word: payless
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...wants a $10 million loan to promote the U.S. as a destination, a tougher job these days. To the American Apparel & Footwear Association, this crisis only highlights the need to eliminate import tariffs on shoes. "Building self-esteem is critical," explains Matt Rubel, CEO of the parent company of Payless, "and not having a new pair of shoes - you know, having a pair that's tattered and doesn't fit - that does not create good self-esteem...
...Armani Caffé is an excellent end to a day of high-end retail shopping at Louis of Boston and other Newbury landmarks. Or, for those on a budget, an excellent end to a day of pretending you were high-end retail shopping and then slipping into Payless when no one was looking...
...second time Conor wore his fancy bucks, he pilfered a black felt-tip pen from a "childproof" drawer and, with a few masterly strokes, turned them into everyday shoes. His $13 Spider-Man sneakers from Payless are still his favorites, though. Naturally. --By Maryanne Murray Buechner
...COMP Win or Go Payless...
...chains, Martin Grass (son of Rite Aid founder Alex Grass) nearly doubled the number of outlets, buying independents and refashioning smaller locations into 10,000-sq.-ft. convenience stores. That kind of real estate doesn't come cheap. In 1996, Grass shelled out $1.4 billion for a thousand Thrifty PayLess drugstores on the West Coast. Then a year ago, he spent $1.5 billion on PCS Health Systems, a pharmacy-benefit manager that oversees employees' prescription coverage. Even Miller, whose retailing career began in high school as a bottle sorter for a California grocer, admits, "I wouldn't have been able...