Task 1 Complete the sentences in the following summary according to the passage. Payless ShoeSource is an American discount footwear retailer which was founded in 1._______ in 1956. Thanks to its revolutionary sales method, it enjoyed almost 2.________ years of business growth until 2005, when Payless’ sales began to decline. To reverse the situation, Payless hired a new CEO, 3.__________ who brought massive changes to the company. The company updated its overall image ever since then. Now Payless is widely known in the US for its fashion and style as well as its 4.________________. Although like retailers everywhere, Payless was affected by 5._______________ in 2008. Its sales were much better than others. As a result, the company remains confident in its strategy for the future.