Collective Brands, Inc. Announces Details for Fourth Quarter and Full Year 2011 Earnings Conference Call

table.hugin { border-color:black;} td.hugin { padding: 3px; border-color:black;}   TOPEKA, KS -  Feb. 2, 2012 - Collective Brands, Inc. (NYSE:PSS) announced that it plans to release fourth quarter and full year 2011 earnings results on Tuesday, February 28, 2012, 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 number for the conference call is 832-900-4649 with a confirmation number of 42156489.  In addition, a replay of the conference call is scheduled to begin on February 28, 2012 by approximately 7:15 p.m. Eastern and end March 13, 2012 at 11:59 p.m.  The number to access the replay is 404-537-3406. The access code for the replay is also 42156489.

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, Collective Brands Performance + Lifestyles Group (PLG), and Collective Licensing International. Payless ShoeSource is one of the largest footwear retailers in the western hemisphere. It is dedicated to providing incredible values of on-trend and validated styles of footwear and accessories. PLG markets footwear and related 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' business units can be found at www.collectivebrands.com. Investor Relations Contact:
James Grant   785.559.5321

james.grant@collectivebrands.com

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