Collective Brands,

Payless Holdings, formerly Collective Brands Inc., consists of two business units, both with a style all its own: Payless ShoeSource and Collective Licensing International.   Payless ShoeSource is the largest specialty family footwear retailer in the U.S. and in the Western Hemisphere, with a team dedicated to democratizing on-trend and validated styles in footwear and accessories for the world. Our brands include Airwalk®, Dexter®, Champion®, American Eagle by Payless Shoe Source, SmartFit, BRASH®, safeTstep, and designer labels Lela Rose for Payless Shoe Source, Christian Siriano for Payless Shoe Source™ and Isabel Toledo for Payless Shoe Source. Payless Shoe Source broke new ground in 2009 with its first store openings in the Eastern Hemisphere and has since expanded into more than 50 international markets.   Collective Licensing International offers up the hottest trends in fashion through original, award-winning designs. With our esteemed consumer marketing and industry-leading licensee support, we build, launch, license and grow brands which include Airwalk, Clinch Gear, Vision Street Wear, Sims and Lamar Snowboards, among others.