Collective Brands was aquired by Wolverine Worldwide.

October 2013 Summary: Collective Brands, Inc. (Collective Brands) is a producer of compelling lifestyle, fashion and performance brands for footwear and related accessories to consumers worldwide. Collective Brands operates a portfolio of brands and private brand labels through multiple selling channels, including retail, wholesale, e-commerce, licensing and franchising. It consists of three lines of business: Payless ShoeSource (Payless), Collective Brands Performance Lifestyle Group (PLG) and Collective Licensing. It operates its business in four segments: Payless Domestic, Payless International, PLG Wholesale and PLG Retail. As of January 28, 2012, it franchised 143 Payless and 20 PLG Retail stores. During the fiscal year ended January 28, 2012, it operated a total of 4,496 retail stores. In October 2012, Wolverine World Wide Inc announced that a consortium comprised of Wolverine Worldwide, Golden Gate Capital and Blum Capital Partners acquired Collective Brands.

October 9, 2012 News: Wolverine Worldwide said Tuesday it will complete its previously announced acquisition of Collective Brands' Performance + Lifestyle Group, which consists of the Sperry Top-Sider, Saucony, Stride Rite and Keds brands, for $1.24 billion.

Collective Brands Inc. is among the world's preeminent footwear, accessory and lifestyle brand companies.  They are the result of three companies coming together in 2007 through Payless ShoeSource's acquisition of Collective Licensing International, a brand management and global licensing company, and, as announced more on Aug. 17, 2007 the completion of the acquisition of The Stride Rite Corporation, the leader in lifestyle and athletic branded footwear and high-quality children's footwear.

Collectively – together – they are an expanded enterprise with combined expertise, a powerful brand portfolio, and a broader range of channels to reach, engage and inspire consumer with leading iconic brands, superior quality and on-trend footwear and accessory products.

Collective Brands Inc. now ranks as the largest non-athletic footwear company in the Western Hemisphere and the largest footwear company in the Western Hemisphere based on retail stores. The company is organized with three highly complementary and separate business units that have distinct missions in terms of their product offering, distribution channels, brand portfolio, and target customer base:

• Payless ShoeSource: on a mission to democratize fashion and design in footwear and accessories through its nearly 4,600 store retail chain. Brands for Payless include Airwalk®, American Eagle™, Champion®, Dexter®, Tailwind® (through the Exeter Brands Group of Nike Inc.), Disney®, Shaquille O'Neal-endorsed Dunkman™, ABT for Spotlights, and designer collections: Abaeté for Payless, Lela Rose for Payless and alice + olivia for Payless.
  
   
• The Stride Rite Corporation: centering on premium lifestyle and athletic branded footwear and high-quality children's footwear sold primarily through wholesaling arrangements and more than 300 Stride Rite store locations. Brands for Stride Rite include Stride Rite®, Keds®, Sperry Top-Sider®, Tommy Hilfiger® footwear, Saucony®, Hind®, and Robeez®, among others.
  
   
• Collective Licensing International: specializing on brand management and global licensing of its expanding portfolio of youth, lifestyle and high-quality fashion athletic brands. Brands for Collective Licensing include: Airwalk®, Vision Street Wear®, Lamar®, Sims®, LTD®, genetic™, Dukes®, Rage®, Ultra-Wheels®, and Skate Attack®.

The new company name was chosen to communicate that together – collectively – these three units and their combined expertise and powerful brand portfolio create a stronger, expanded enterprise well positioned to serve a broadening base of global consumers.