NEWS & PRESS

Shoppers Get The Latest Fall Fashions For Less At Payless(R)

On-Trend Shoes and Accessories from Christian Siriano for Payless(TM) and Brash(TM), Among Others, Help Women Update Fall Wardrobes for Less, Starting at Under $20 an Item

TOPEKA, Kan., Sept. 12, 2012 /PRNewswire/ – Just in time for the official start of fall later this month, Payless ShoeSource(R) announced today its new women’s collection including a range of popular fall styles starting at under $20 an item.

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Christian Siriano For Payless Gold

Christian Siriano For Payless Gold(TM) Designer Shoe Collection To Hit The Runway At New York Fashion Week

Ballet-Inspired Line Includes Snipped “Point-Shoe” Toe Treatments, Soft Hues of Seafoam and Blush, Folded Ribbon Bows and First-Ever – Flats on the Runway at Christian’s Show
NEW YORK, Sept. 7, 2012 /PRNewswire/ – The Spring ’13 Christian Siriano for Payless Gold(TM) collection will hit the runway at New York Fashion Week tomorrow with shoe designs inspired by the Dream Ballet performed by The American Ballet Theatre.

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Payless ShoeSource

Payless ShoeSource(R) Launches Fall ’12 Incredible Value Everyday Collection Featuring Key Wardrobe Essentials For The Entire Family At Amazing Prices Starting At Just $10 A Pair For Kids

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Collective Brands Reports 2011 Fourth Quarter

Collective Brands Reports 2011 Fourth Quarter, Annual Financial Results

Quarterly Comp Sales Up Nearly 2%; Strategic Initiatives at Payless, Stride Rite Retail Gained Traction in the Quarter; PLG Quarterly Sales Growth of 19%; Record Annual Sales of $1 Billion

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Wolverine Worldwide, Golden Gate Capital and Blum Capital Complete Acquisition of Collective Brands

TOPEKA, Kan. & ROCKFORD, Mich. & SAN FRANCISCO – (BUSINESS WIRE) – A consortium comprised of Wolverine Worldwide (WWW), Golden Gate Capital and Blum Capital Partners today announced it has successfully completed the acquisition of Collective Brands, Inc. for $21.75 per share in cash, or a total of approximately $2.0 billion, including the assumption of debt. The closing follows the satisfaction of all conditions to the closing of the transaction, including receipt of certain regulatory approvals and approval of the transaction by Collective Brands’ shareholders on August 21, 2012.

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The Nation’s #1 Children’s Shoe Retailer, Payless ShoeSource®, Launches Hassle-Free Back-to-School Shoe Shopping

Payless’ “Happiness Guarantee” is Focused on Convenience and Affordability with Key Reasons for Parents to Choose Payless as the Back-to-School Shoe Headquarters: Styles Starting at Just $10, Kids’ Foot Measuring Service, Extended Sizes, Top Brands Featuring Popular Fashion and Shoes for Every Occasion, Guaranteed In-Stock Styles, One of the Best Return Policies in the Retail Industry

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Summer Weddings, Galas And Other Special Occasions Call For Stand-Out Shoes, Handbags

Payless ShoeSource(R) Dress Styles Under $30 Are Perfect for Festive Summertime Events

TOPEKA, Kan., June 28, 2012 /PRNewswire via COMTEX/ – Summer brings with it a range of celebratory events, including wedding season, leaving shoppers in need of the perfect shoes to complete their festive party look. Payless(R) has a range of special occasion styles under its Fioni, Fioni Night, Brash and Christian Siriano for Payless labels that feature popular silhouettes, colors and details for the summer season helping to deliver affordable stand-out style.

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Collective Brands Announces Early Termination of Hart

Collective Brands Announces Early Termination of Hart-Scott-Rodino Waiting Periods for its Planned Sale to Wolverine World Wide, Blum Capital Partners and Golden Gate Capital

TOPEKA, Kan., June 7, 2012 /PRNewswire/ – Collective Brands, Inc. (NYSE: PSS) today announced that the U.S. Federal Trade Commission has granted early termination of the waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act in connection with the Company’s previously announced definitive agreement under which it will be acquired by a consortium comprised of Wolverine World Wide, Inc. (NYSE: WWW), Blum Capital Partners and Golden Gate Capital for $21.75 per share in cash, or a total of approximately $2.0 billion, including the assumption of debt.

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