Today, Payless ShoeSource is the largest specialty family footwear retailer in the Western Hemisphere. The company sold more than 200 million pairs of shoes in fiscal 2003, generating $2.78 billion in net sales. Payless operates stores in all 50 U.S. states, plus Puerto Rico, Guam, Saipan, the U.S. Virgin Islands, Canada, Central America, the Caribbean, South America, and opened its first test store in Japan in November, 2004. Payless stores feature fashionable, quality footwear and accessories for women, men and children at affordable prices in a self-selection format.