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Collective Brands, Inc. (PSS)

PSS is defunct.
  • Mar. 27, 2012, 11:10 AM
    Volume on Collective Brands (PSS -0.8%) spikes on reports that buyers are preparing for second round of bids.
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  • Feb. 29, 2012, 12:00 PM
    Caris adds to the upside in Collective Brands (PSS +5%) this morning, upgrading the stock to Above Average post-Q4 results. Caris says the company is showing signs of a turnaround.
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  • Feb. 29, 2012, 9:35 AM
    Collective Brands (PSS +7.1%) continues a strong run off the heels of its Q4 earnings beat. One of the nuggets out of the report that might be catching the eyes of investors is that wholesale backlog in its Wholesale + Lifestyle Group segment is only up 1% after rising 17% in Q4.
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  • Feb. 28, 2012, 4:07 PM
    Collective Brands (PSS): Q4 EPS of -$0.61 beats by $0.17. Revenue of $816M (+5.4% Y/Y) beats by $35M. Shares +3.5% AH. (PR)
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  • Feb. 6, 2012, 9:28 AM
    Collective Brands (PSS) will open 16 Payless ShoeSource stores in South Korea, Thailand and Vietnam under two new franchise agreements with Shinsegae Group’s Emart unit and Central Marketing Group, a unit of Central Group in Bangkok. The plans will raise the number of countries with franchised Payless stores to 20.
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  • Jan. 25, 2012, 8:00 AM
    Payless parent Collective Brands (PSS) is reportedly scrambling to cut a deal for the sale of the whole company, with sources saying rival Wolverine Worldwide (WWW) is best-positioned to make a bid and would be interested in buying all of the company's brands rather than cherry-picking. If a deal happens, it will likely be around $20/share. PSS +0.8% to $16.02.
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  • Jan. 24, 2012, 9:35 AM
    More takeover talk sparks Collective Brands (PSS +3.2%) shares, as Bloomberg speculates the company "may extract the biggest takeover premium of any apparel retailer in the world." PSS may attract interest from PE firms and rivals such as Wolverine World Wide (WWW) when bids are due next week, and could be worth up to $27/share based on the value of its separate businesses.
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  • Dec. 5, 2011, 8:35 AM
    Collective Brands (PSS) +4.4% premarket following a NY Post story suggesting PE firms and rival retailers are looking at the shoe seller as a takeover candidate. The owner of the Payless chain reported a loss on lackluster sales in its latest quarter, sending shares plunging and thus making it a more attractive target, sources say.
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  • Nov. 22, 2011, 10:51 AM
    Shares of Collective Brands (PSS -11.1%) fall sharply after the firm misfires with its Q3 report - announcing revenue of $894M vs. a consensus estimate of $908M. CEO Michael Massey says the firm has learned from the weak performance of its Payless unit and is in the process of implementing "pricing actions" that will improve sales. The company plans to accelerate its store closings in 2011 to 350 from 315.
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  • Nov. 22, 2011, 9:00 AM
    Premarket gainers: LNG +11%. BRCD +6%. FMCN +4%.
    Losers: FRO -39%. FIO -11%. JASO -9%. ALU -8%. PSS -8%. NFLX -6%. LYG -5%. STM -4%. NOK -4%. DB -4%. BBVA -3%. NBG -3%. ING -3%.
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  • Oct. 7, 2011, 2:42 PM
    Collective Brands (PSS +2.4%) gets a boost from a Susquehanna upgrade to positive from neutral on valuation, citing potential upside catalysts coming from the company's strategic review process.
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  • Sep. 19, 2011, 1:36 PM
    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.
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  • Aug. 24, 2011, 4:34 PM
    More on Collective Brands (PSS): Easily beats Q2 estimates, but shares are soaring after the board says it will conduct "a review of strategic and financial alternatives," including a possible sale. Shares +30% AH.
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  • Aug. 24, 2011, 4:06 PM
    Collective Brands (PSS): Q2 EPS of $0.16 beats by $0.05. Revenue of $882M (+5% Y/Y) beats by $16M. Shares +28.9% AH. (PR)
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  • Aug. 19, 2011, 12:00 PM
    Shares of Foot Locker (FL +4.4%) post a solid gain after reporting Q2 earnings after the bell yesterday. Shoe sellers DECK +2.5%, PSS +2.4% and SKX +1.9% are also rallying today on FL's improved revenue outlook.
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  • May 24, 2011, 4:38 PM
    Collective Brands (PSS): Q1 EPS of $0.42 misses by $0.40. Revenue of $869M (-1% Y/Y) misses by $46M. Shares -16.9% AH. (PR)
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Company Description
Collective Brands, Inc. (“Collective Brands” or the “Company”) is a leader in bringing compelling lifestyle, fashion and performance brands for footwear and related accessories to consumers worldwide. We operate a hybrid business model with a product portfolio of powerful brands and private... More
Sector: Services
Industry: Apparel Stores
Country: United States