Collective Brands, Inc. is a large parent company that owns Payless ShoeSource (footwear retailer), Robeez (shoe manufacturer), and Airwalk (shoe manufacturer).
At the end of 2011, it operated approximately 660 Payless ShoeSource stores in North America.
Stride Rite purchased Sperry Top-Sider and Keds brand names from Uniroyal in 1979. During 2005 Stride Rite completed its acquisition of Saucony and in 2006 Stride Rite purchased Robeez.
Payless purchased many of these companies during the 2000s, and on August 16, 2007, the company changed its name to Collective Brands, Inc.
On October 9, 2012, Collective Brands, Inc. announced it was acquired by Golden Gate Capital and Blum Capital was completed. As a result, Payless ShoeSource and Collective Licensing International operate as a private, standalone entity known as Payless Holdings.