Content about Payless Shoesource

July 8, 2013

Office Depot has nominated former president and CEO of Collective Brands Michael J. Massey to its board. If elected, he would fill the vacancy created by current director Brenda Gaines, who has decided not to stand for re-election at this year’s annual meeting.

BOCA RATON, Fla. — Office Depot has nominated former president and CEO of Collective Brands Michael J. Massey to its board. If elected, he would fill the vacancy created by current director Brenda Gaines, who has decided not to stand for re-election at this year’s annual meeting of stockholders. 

February 10, 2013

Christian Siriano and Payless ShoeSource have teamed up to bring immediate shopper access to affordable runway fashion with the Feb. 18 availability of the LeToile, a direct-from-the-runway style featured in Siriano's show, offered at thousands of Payless stores nationwide and Payless.com for just $30.

NEW YORK — Christian Siriano and Payless ShoeSource have teamed up to bring immediate shopper access to affordable runway fashion with the Feb. 18 availability of the LeToile, a direct-from-the-runway style featured in Siriano's show, offered at thousands of Payless stores nationwide and Payless.com for just $30.

February 10, 2013

Christian Siriano and Payless ShoeSource have teamed up to bring immediate shopper access to affordable runway fashion with the Feb. 18 availability of the LeToile, a direct-from-the-runway style featured in Siriano's show, offered at thousands of Payless stores nationwide and Payless.com for just $30.

NEW YORK — Christian Siriano and Payless ShoeSource have teamed up to bring immediate shopper access to affordable runway fashion with the Feb. 18 availability of the LeToile, a direct-from-the-runway style featured in Siriano's show, offered at thousands of Payless stores nationwide and Payless.com for just $30.

September 5, 2012

Payless ShoeSource has unveiled its fall Incredible Value Everyday Collection -- a refreshed line with a range of footwear for women, men and children including dress, casuals and athletic styles at prices starting at $10 for kids, $15 for women, and $20 for men.

TOPEKA, Kan. — Payless ShoeSource has unveiled its fall Incredible Value Everyday Collection -- a refreshed line with a range of footwear for women, men and children including dress, casuals and athletic styles at prices starting at $10 for kids, $15 for women, and $20 for men.

September 5, 2012

Payless ShoeSource has unveiled its fall Incredible Value Everyday Collection -- a refreshed line with a range of footwear for women, men and children including dress, casuals and athletic styles at prices starting at $10 for kids, $15 for women, and $20 for men.

TOPEKA, Kan. — Payless ShoeSource has unveiled its fall Incredible Value Everyday Collection -- a refreshed line with a range of footwear for women, men and children including dress, casuals and athletic styles at prices starting at $10 for kids, $15 for women, and $20 for men.

May 23, 2012

Net sales at Collective Brands during the first quarter increased 5% to $912.1 million over the same period last year, driven in part by an 8.1% increase in comparable-store sales.

TOPEKA, Kan. — Net sales at Collective Brands during the first quarter increased 5% to $912.1 million over the same period last year, driven in part by an 8.1% increase in comparable-store sales. The company reported net income of $33.2 million, or 54 cents per share, compared with $26.4 million, or 42 cents per share, in the first quarter of 2011.

May 2, 2012

Shoe manufacturer Wolverine Worldwide Inc. has partnered with equity firms Blum Capital Partners and Golden Gate Capital to acquire Payless ShoeSource parent Collective Brands Inc. for about $1.3 billion.

NEW YORK — Shoe manufacturer Wolverine Worldwide Inc. has partnered with equity firms Blum Capital Partners and Golden Gate Capital to acquire Payless ShoeSource parent Collective Brands Inc. for about $1.3 billion.

May 2, 2012

Shoe manufacturer Wolverine Worldwide Inc. has partnered with equity firms Blum Capital Partners and Golden Gate Capital to acquire Payless ShoeSource parent Collective Brands Inc. for about $1.3 billion.

NEW YORK — Shoe manufacturer Wolverine Worldwide Inc. has partnered with equity firms Blum Capital Partners and Golden Gate Capital to acquire Payless ShoeSource parent Collective Brands Inc. for about $1.3 billion.

April 11, 2012

Payless ShoeSource, a business unit of Collective Brands, has named Michele Bergerac SVP and general merchandise manager for Payless' women's and accessories businesses, reporting to LuAnn Via, president and CEO for Payless.

TOPEKA, Kan. — Payless ShoeSource, a business unit of Collective Brands, has named Michele Bergerac SVP and general merchandise manager for Payless' women's and accessories businesses, reporting to LuAnn Via, president and CEO for Payless.

Bergerac will oversee product creation and merchandising for the Women's footwear and accessory collections, covering a range of categories including dress, sandals, casuals and boots for women, as well as accessories including handbags, socks and hosiery, scarves, jewelry and beauty and body products.  

April 11, 2012

Payless ShoeSource, a business unit of Collective Brands, has named Michele Bergerac SVP and general merchandise manager for Payless' women's and accessories businesses, reporting to LuAnn Via, president and CEO for Payless.

TOPEKA, Kan. — Payless ShoeSource, a business unit of Collective Brands, has named Michele Bergerac SVP and general merchandise manager for Payless' women's and accessories businesses, reporting to LuAnn Via, president and CEO for Payless.

Bergerac will oversee product creation and merchandising for the Women's footwear and accessory collections, covering a range of categories including dress, sandals, casuals and boots for women, as well as accessories including handbags, socks and hosiery, scarves, jewelry and beauty and body products.  

February 29, 2012

Footwear seller Collective Brands Inc. said that its fourth-quarter loss widened dramatically from the year before as higher costs cut into profit margins.

TOPEKA, Kan. — Footwear seller Collective Brands Inc. said that its fourth-quarter loss widened dramatically from the year before as higher costs cut into profit margins. But the loss was far narrower than Wall Street expected, while revenue was much higher.

The company, which operates the Payless ShoeSource chain, said its net loss during the quarter ended Jan. 28 was $41.6 million, up from a loss of $10.1 million in the year-ago period. Revenue rose to $815.9 million from $773.8 million. Same-store sales increased 1.7%, also better than expected.

February 29, 2012

Footwear seller Collective Brands Inc. said that its fourth-quarter loss widened dramatically from the year before as higher costs cut into profit margins.

TOPEKA, Kan. — Footwear seller Collective Brands Inc. said that its fourth-quarter loss widened dramatically from the year before as higher costs cut into profit margins. But the loss was far narrower than Wall Street expected, while revenue was much higher.

The company, which operates the Payless ShoeSource chain, said its net loss during the quarter ended Jan. 28 was $41.6 million, up from a loss of $10.1 million in the year-ago period. Revenue rose to $815.9 million from $773.8 million. Same-store sales increased 1.7%, also better than expected.

February 6, 2012

Payless ShoeSource continues its expansion into international markets with new franchise agreements for stores in Korea, Thailand and Vietnam.

TOPEKA, Kansas — Payless ShoeSource continues its expansion into international markets with new franchise agreements for stores in Korea, Thailand and Vietnam.

The company, which is a division of Collective Brands, announced that it has signed two new franchise agreements with partners Emart, a business unit of Shinsegae Group, Seoul, for stores in Korea, and Central Marketing Group, a business unit of Central Group, Bangkok, for stores in Thailand and Vietnam, bringing the total countries, which will have franchised Payless stores to 20 countries.

February 6, 2012

Payless ShoeSource continues its expansion into international markets with new franchise agreements for stores in Korea, Thailand and Vietnam.

TOPEKA, Kansas — Payless ShoeSource continues its expansion into international markets with new franchise agreements for stores in Korea, Thailand and Vietnam.

The company, which is a division of Collective Brands, announced that it has signed two new franchise agreements with partners Emart, a business unit of Shinsegae Group, Seoul, for stores in Korea, and Central Marketing Group, a business unit of Central Group, Bangkok, for stores in Thailand and Vietnam, bringing the total countries, which will have franchised Payless stores to 20 countries.

November 22, 2011

Collective Brands Inc., parent of Payless ShoeSource, reported that it swung to a loss of $114.3 million in the quarter ended Oct. 29, compared with a profit of $47.6 million in the year-ago period.

Topeka, Kan. -- Collective Brands Inc., parent of Payless ShoeSource, reported Monday that it swung to a loss of $114.3 million in the quarter ended Oct. 29, compared with a profit of $47.6 million in the year-ago period. Excluding a tax-related charge, the retailer would have gained $37.1 million in the quarter.

November 22, 2011

Collective Brands Inc., parent of Payless ShoeSource, reported that it swung to a loss of $114.3 million in the quarter ended Oct. 29, compared with a profit of $47.6 million in the year-ago period.

Topeka, Kan. -- Collective Brands Inc., parent of Payless ShoeSource, reported Monday that it swung to a loss of $114.3 million in the quarter ended Oct. 29, compared with a profit of $47.6 million in the year-ago period. Excluding a tax-related charge, the retailer would have gained $37.1 million in the quarter.

October 18, 2011

Payless ShoeSource announced that it is inviting nonprofit organizations to join the retailer in its big holiday giving program, Payless Gives Shoes 4 Kids, where it will deliver more than $1.2 million of free shoes to children of families in need across the U.S., Canada, Puerto Rico and in 11 Latin American and Caribbean countries this holiday season.

TOPEKA, Kan. — Payless ShoeSource announced that it is inviting nonprofit organizations to join the retailer in its big holiday giving program, Payless Gives Shoes 4 Kids, where it will deliver more than $1.2 million of free shoes to children of families in need across the U.S., Canada, Puerto Rico and in 11 Latin American and Caribbean countries this holiday season.  

October 18, 2011

Payless ShoeSource announced that it is inviting nonprofit organizations to join the retailer in its big holiday giving program, Payless Gives Shoes 4 Kids, where it will deliver more than $1.2 million of free shoes to children of families in need across the U.S., Canada, Puerto Rico and in 11 Latin American and Caribbean countries this holiday season.

TOPEKA, Kan. — Payless ShoeSource announced that it is inviting nonprofit organizations to join the retailer in its big holiday giving program, Payless Gives Shoes 4 Kids, where it will deliver more than $1.2 million of free shoes to children of families in need across the U.S., Canada, Puerto Rico and in 11 Latin American and Caribbean countries this holiday season.  

August 25, 2011

Collective Brands, parent company of Payless and Stride Rite shoe chains, announced Wednesday that it would close 475 underperforming stores over the next three years and has hired a firm to help it explore its options.

TOPEKA, Kan. — Collective Brands, parent company of Payless and Stride Rite shoe chains, announced Wednesday that it would close 475 underperforming stores over the next three years and has hired a firm to help it explore its options.

The company hired Perella Weinberg Partners and Kurt Salmon as advisors to explore strategic alternatives.

July 28, 2011

The desire for affordable , stylish shoes is something shared by U.S. and international consumers alike, which is why Collective Brands' Payless ShoeSource unit has been able to build a successful franchise business overseas.

TOPEKA, Kan. — The desire for affordable, stylish shoes is something shared by U.S. and international consumers alike, which is why Collective Brands' Payless ShoeSource unit has been able to build a successful franchise business overseas. The company announced Thurday the opening of its 100th franchise store, which is located in Cirebon, Indonesia.  The store represents the 7th store in Indonesia to date.

July 28, 2011

The desire for affordable , stylish shoes is something shared by U.S. and international consumers alike, which is why Collective Brands' Payless ShoeSource unit has been able to build a successful franchise business overseas.

TOPEKA, Kan. — The desire for affordable, stylish shoes is something shared by U.S. and international consumers alike, which is why Collective Brands' Payless ShoeSource unit has been able to build a successful franchise business overseas. The company announced Thurday the opening of its 100th franchise store, which is located in Cirebon, Indonesia.  The store represents the 7th store in Indonesia to date.

July 14, 2011

Payless ShoeSource announced that Sierra Kusterbeck, lead singer of alt-rock band VersaEmerge, will be the face and voice of the retailer's new, exclusive teen brand, Brash.

TOPEKA, Kan. — Payless ShoeSource announced that Sierra Kusterbeck, lead singer of alt-rock band VersaEmerge, will be the face and voice of the retailer's new, exclusive teen brand, Brash.

July 14, 2011

Payless ShoeSource announced that Sierra Kusterbeck, lead singer of alt-rock band VersaEmerge, will be the face and voice of the retailer's new, exclusive teen brand, Brash.

TOPEKA, Kan. — Payless ShoeSource announced that Sierra Kusterbeck, lead singer of alt-rock band VersaEmerge, will be the face and voice of the retailer's new, exclusive teen brand, Brash.

June 30, 2011

Supervalu announced that Matt Rubel will stay on as a member of its board of directors, despite his retirement from Collective Brands.

MINNEAPOLIS — Supervalu announced that Matt Rubel will stay on as a member of its board of directors, despite his retirement from Collective Brands.

Rubel retired as chairman, president and CEO of Collective Brands earlier this month. Per Supervalu's governance principles, he submitted his offer of resignation as a member of the board of directors. On June 28, the company’s Board of Directors unanimously rejected his offer of resignation.

June 16, 2011

Matthew Rubel is stepping down as CEO of Collective Brands, the company announced Thursday.

TOPEKA, Kan. — Matthew Rubel is stepping down as CEO of Collective Brands, the company announced Thursday. Rubel will also give up his role as chairman of the board and as a director for the company. Michael Massey has been named the interim CEO and Scott Olivet has been named the company's non-executive chairman.