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Philippines focus for Payless

03/12/2009

Payless ShoeSource has picked the Philippines for its next phase of expansion. The company has signed a new franchise agreement with the country’s Stores Specialists Inc (SSI). The first stores are expected to open by mid-2010.

SSI has a strong background in developing international brands in the Philippines, and runs 340 retail stores within the country. Approximately five Payless stores will open in the Philippines beginning mid next year, and more stores are scheduled to open in future years.

LuAnn Via, chief executive officer and president of Payless ShoeSource, said: "Payless brings the know how in footwear specialty retailing, and our franchise partners like SSI bring its strong infrastructure and experience in the local region. Filipino people love to shop and have a strong appetite for American brands, fashion and footwear and accessories. Together with SSI we are truly excited to bring the Payless brand to the Philippines and to affordably serve the footwear and accessory needs of families in the country."

Payless has more than 4,500 stores across the US, Canada, Central America, the Caribbean, South America and the Middle East.






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