July 23, 2014 11:34 AM ET

Specialty Retail

Company Overview of Payless Inc.

Company Overview

Payless, Inc. offers footwear and related accessories. The company operates Payless ShoeSource stores that offer casual and dress shoes, sandals, boots, slippers, and other footwear products; and handbags, jewelry, bath-and-beauty products, and hosiery under the Airwalk, American Eagle, Champion, Christian Siriano for Payless, Dexter, Isabel Toledo for Payless, Lela Rose for Payless, and Safe T Step names. The company is also involved in the wholesale of footwear in various retail formats, including premier department stores, specialty stores, and athletic and sporting good stores; and through independent distributors and licensees. In addition, Collective Brands, Inc. designs and markets ...

3231 SE Sixth Avenue

Topeka, KS 66607-2207

United States

Founded in 1956

14,100 Employees

Phone:

785-233-5171

Fax:

785-295-6049

Key Executives for Payless Inc.

Chief Executive Officer
Age: 49
Chief Financial Officer
Age: 51
Chief Executive Officer of Payless ShoeSource and President of Payless ShoeSource
Age: 60
Chief Executive Officer of Collective Licensing International LLC and President of Collective Licensing International LLC
Age: 49
Executive Vice President of Global Supply Chain
Age: 58
Compensation as of Fiscal Year 2014.

Payless Inc. Key Developments

Kimberly Lewis Files Suit against Payless ShoeSource and Collective Brands

Payless ShoeSource is sued for collecting ZIP code information from customers using credit cards to pay. The most recent suit, filed on October 24 in U.S. District Court in Massachusetts, involves plaintiff Kimberly Lewis, who has shopped in the Payless store in on Cochituate Road in Framingham, Mass. Lewis alleged in her suit that Payless collects ZIP codes from its credit card customers to track information about their home addresses and telephone numbers. Collective Brands Inc. also was named as a defendant in the lawsuit. The suit alleges that Payless uses that personal identification information for its own unsolicited marketing purposes, such as sending junk mail directly to customers' homes without their permission.

Collective Brands, Inc. Announces Board and Committees Changes; Announces Amendment to Certificate of Incorporation and Bylaws

Effective October 9, 2012, pursuant to the agreement and plan of merger, dated as of May 1, 2012, among Collective Brands, Inc., WBG - PSS Holdings LLC (parent), WBG - PSS Merger Sub Inc., a wholly owned subsidiary of parent (merger sub) and, solely for purposes of Sections 6.5, 6.8, 6.9 (other than 6.9(e)), 6.13, 6.14(a), 6.17 and Article IX, Wolverine World Wide, Inc. (Wolverine), merger sub was merged with and into the company, with the company continuing as the surviving corporation and as a wholly owned subsidiary of parent. In accordance with the merger agreement, each of Daniel Boggan, Jr., Mylle H. Mangum, Richard L. Markee, John F. McGovern, Robert F. Moran, D. Scott Olivet, Matthew A. Ouimet, Michael A. Weiss and Robert C. Wheeler voluntarily resigned from the board of the directors of Collective Brands, Inc. and from all committees of the Board on which such directors served, effective as of the closing of the merger. Effective as of the closing of the merger, the directors of merger sub immediately prior to the closing of the merger became the members of the Board pursuant to the merger agreement. On October 9, 2012, in connection with the merger, the company amended its amended and restated Certificate of Incorporation and amended and restated Bylaws in their entirety.

Collective Brands, Inc.(NYSE:PSS) dropped from S&P 1000 Index

Collective Brands, Inc.(NYSE:PSS) dropped from S&P 1000 Index

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