Performance and Lifestyle shoes lift Collective Br - footwearbiz: Lead

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Performance and Lifestyle shoes lift Collective Brands

02/09/2010
Collective Brands, the parent group of footwear brands such as Payless, Sperry Top-Sider, Saucony and Keds has issued its second-quarter results, covering the three months to July 31, 2010.

The group achieved profits of $36.7 million on sales of $841.3 million, figures that represent an increase on the same period last year of 4.4% and 5% respectively. This was driven mainly by sales growth of 26.9% in its Performance and Lifestyle Group.

On announcing the figures, chief executive, Matthew E. Rubel, said: "We anticipate continued strength in wholesale and international; and we are focused on fixing Payless controllables related to trend-right offerings, use of brands, and our breadth of assortment."

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