Payless Shoes parent Collective Brands (PSS) is poised to sell itself for less than any apparel...

|About: Collective Brands, Inc. (PSS)|By:, SA News Editor

Payless Shoes parent Collective Brands (PSS) is poised to sell itself for less than any apparel retailer in America - $20-$22/share - which appears to be the best price it can get, Bloomberg reports. While the range is more than double PSS’s price since it began reviewing its options in August, a buyer would get the retailer at a 62% discount to sales.