Shares of Collective Brands (PSS +1.7%), owner of the Payless Shoe chain, tick higher as...

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

Shares of Collective Brands (PSS +1.7%), owner of the Payless Shoe chain, tick higher as Bloomberg speculates that the company may lure private equity buyers. PSS, which is reviewing “a full range” of plans to boost shareholder value, has a price-to-sales multiple cheaper than 96% of U.S. apparel and shoe retailers greater than $500M, the report says.