Payless to Remain at Former WiseBuys Stores
Wednesday March 19, 9:10 am ET
Hackett's to Offer Branded Alternative Along Side Payless
GOUVERNEUR, N.Y.--(BUSINESS WIRE)--Seaway Valley Capital Corporation (OTC Bulletin Board: SWVC - News) (“Seaway Valley”) announced today that Payless ShoeSource, Inc. (www.payless.com), which operates Payless stores within the Company’s wholly owned subsidiary, WiseBuys Stores, Inc., will continue to operate its Payless “store-within-a-store” concept after the WiseBuys stores are converted into Hackett’s. Seaway Valley acquired both WiseBuys Stores, Inc. and Patrick Hackett Hardware Company in 2007 and is merging the operations of the two retailers under the “Hackett’s” brand.
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“We are pleased that Payless will continue to remain as a partner with the Company,” stated Seaway Valley’s CEO, Thomas Scozzafava. He continued, “Payless offers a wide selection of affordable footwear that WiseBuys’ customers have come to appreciate, and its continuity through stores’ format change will be well received by WiseBuys’ loyal customer base.” Payless is a specialty family footwear retailer and offers athletic, casual, and dress shoes; sandals; work and fashion boots; slippers; and accessories, such as handbags and hosiery for women, men, and children.
Hackett’s will also roll out a variety of premium branded footwear in the former WiseBuys stores. “Hackett’s has traditionally carried the widest selection of branded premium footwear in Northern New York, and they will do so in the former WiseBuys locations as well” stated Mr. Scozzafava. “With top brands such as Nike, Adidas, New Balance, Columbia, Skechers, Red Wing, Doc Martens, Crocs, and Georgia Boot, Hackett’s customers will have one-stop shopping for all of their footwear needs.”
After the store conversions, Hacketts will operate nine locations including Canton, Gouverneur, Hamilton, Massena, Ogdensburg, Potsdam, Pulaski, Tupper Lake, and Watertown – all in New York. Hackett’s is also seeking additional locations in New York, Vermont, Massachusetts, Connecticut, and Pennsylvania.
About Patrick Hackett Hardware Company
Hackett’s, one of the nation’s oldest retailers with roots dating back to 1830, is a full line department store specializing in name brand merchandise and full service hardware. Hackett’s, now with nine locations, features brand name clothing for men, women, and children, and a large selection of athletic, casual, and work footwear. Hackett’s also carries domestics, home décor, gifts, seasonal merchandise and sporting goods. Hackett’s full service hardware department features traditional hardware, tool, plumbing, paint and electrical departments.
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