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Payless success has been attributed to the performance on its associates and an experienced board of directors. The company's future as the largest footwear retailer in the United States is optimistic.
Since 1956, Payless ShoeSource has grown from a small business into a profitable industry with over $2.3 billion in sales in 1995. Customers represent a large segment of America whose incomes represent 85% of the U.S. population. There are currently 4,549 stores in the U.S., Puerto Rico and the Virgin Islands with opportunities for profitable expansion. In addition, cost control programs and technological advancement techniques implemented in 1995, will be beneficial in reducing excess operating costs...
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