Collective Brands Inc. (NYSE:PSS)
A specialty family footwear retailer in the western hemisphere, which is dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value.
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As a former employee of this company, i must say, they have things going for them. They implemented a customer service systems(called SMILES, ancronym based name) to increase sales and it is done by the retailers well since its fun. Hey, just ask a sales rep about SMILES and they will know what it means!
They also have a stricter payroll policy which in most cases, no one recieves overtime time pay.
Last but not least, the shoes are becoming alot more presentable than before. Although i worked as a sales rep and assistant manager in Payless, i knew that i hated the shoes but the styles kept getting better and better which even caused me to get a couple pairs...and thats saying mouthfuls!
I sorta wish i purchased this stock when it was $12-14 when i was working there but theres more room for growth...
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Two words... Stride Rite
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the new line american eagle is selling without wide market push expect it to out perform expectations
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Used to sell ugly shoes. My 20 something kids shop there all the time. They go for the selection at a reasonable price, not for cheap shoes that no one wants.
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very viable business strategy that is getting a lot of traction
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Payless Shoesource operates as a family footwear specialty retailer offering athletic, casual, dress shoes and accessories such as handbags and hosiery for women, men and children. The Company operates its business in two segments: Payless Domestic and Payless International. This largest footwear retailer in the Western hemisphere has 4574 retail shoe stores in US, Puerto Rico, US Virgin islands and Central American Region.
Payless Shoesource has been the zest amongst its customers with significant improvement in the brand equity as per one survey. Since the company has a dominant hold in the children’s footwear market, their multi-year direct to retail licensing agreement with Disney could augur well. Payless and Exeter have teamed up to launch athletic shoes called ‘Tailwind’ which will be exclusively available at Payless Stores by early 2007. Payless designer collections are the most broadly distributed designer footwear lines available in the US today. Their recent partnership with New-York based designer ‘Laila Rose’ could enable them to deliver the original designs featuring the latest trends. This line is expected to be available in approximately 400 Payless stores by 2007.
Furthermore, their alliance with Abaete should do well as this line is expected to arrive in 800 stores by the coming spring. Through an agreement with Airwalk, they have entered into watches and eyewear market. The company is aggressive on direct sourcing to improve their margins in the future. Also, the recent performance of the company has been good with strong footwear sales in women’s and children’s categories. They have consistently generated positive same-store sales in past few quarters. Looking at the series of initiatives, we believe Payless Shoesource will OUTPERFORM
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Matt Rubel CEO of Cole Haan now Payless in bed with Nike. nuff said
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PSS has updated its look, and upscaled its lines, while continuing to provide good value at low prices.
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designer shoes
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