Collective Brands, Inc. Announces Details for Third Quarter Fiscal 2008 Earnings Conference Call

Collective Brands, Inc. (NYSE:PSS) announced that it plans to release third quarter earnings results on Wednesday, December 3, 2008, after the market closes. A conference call with management will take place at 5:00 p.m. Eastern time that same day.

The dial-in information for the conference call is 612-332-0923 with a confirmation number of 966018. In addition, a replay of the conference call is scheduled to begin on December 3, 2008 at 7:15 p.m. Eastern and end December 10, 2008 at 11:59 p.m. Eastern. The number to access the replay in the United States is 800-475-6701. If dialing internationally, the dial-in number is 320-365-3844. The access code for the replay is also 966018.

The company intends to webcast the conference call live on the internet. To access the webcast live or replayed, visit the Investor Relations page on the Collective Brands website at www.collectivebrands.com.

Collective Brands, Inc. is the holding company of three business units: Payless ShoeSource, Stride Rite, and Collective Licensing International. Payless ShoeSource is one of the largest footwear retailers in the western hemisphere. It is dedicated to democratizing fashion and design in footwear and accessories and inspiring fun, fashion possibilities for the family at a great value. Stride Rite markets the leading brand of high-quality children's shoes in the United States. The unit also markets products for children and adults under well-known brand names, including Stride Rite, Sperry Top-Sider, Saucony, and Keds. Collective Licensing International is a leading youth lifestyle marketing and global licensing business. Information about, and links for shopping on, each of Collective Brands' units can be found at www.collectivebrands.com.