On today’s episode, I look at the rise and fall of Payless Shoes. At one point, Payless Shoes was the US’ largest and most successful family owned business. Bigger than Walmart and the Walton Family. Think about that for a minute. And then, its fortunes dwindled. The disruptor became the disrupted. And the disrupted was unable to sustain itself. On this week’s episode, let’s talk about how Payless disrupted the shoe market. Innovated its way to what seemed to be an unassailable competitive advantage. And then, how its decades of market dominance, all fell apart in a matter of years. The story of Payless’ collapse. It’s nothing new. In many ways, it is proof that we don’t always learn from the past, which dooms us to a repeat performance in the future. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin. All rights reserved. Related Episode https://www.spreaker.com/user/jacintheagalpin/20-05-04-whatever-happened-to-toys-r-us Bibligraphy https://moneyinc.com/the-rise-and-fall-of-payless-shoesource/ https://en.wikipedia.org/wiki/Payless_(footwear_retailer) https://www.cnbc.com/2019/02/19/payless-shoesource-files-for-bankruptcy-closes-its-2500-us-stores.html https://www.smartcompany.com.au/finance/payless-shoes-collapses-voluntary-administration/ https://www.businessinsider.com/the-rise-and-fall-of-payless-shoesource-2019-6?op=1#in-2019-the-discount-show-retailer-filed-for-bankruptcy-again-and-announced-its-plan-to-close-all-us-stores-19