TOPEKA, KS -- (Marketwire) -- 08/22/08 -- Collective Brands, Inc. (NYSE: PSS) announced that the Company will host a conference for the institutional investment community in Kansas City, Missouri at The InterContinental on Tuesday, September 23, 2008. Company management will make a series of presentations. The conference will be audiocast live at www.collectivebrands.com and is expected to run from 7:45 a.m. - 12:00 p.m. central time. The audiocast and the slide presentations will be available on the website following the conference.

About Collective Brands, Inc.

Collective Brands is a leader in bringing compelling lifestyle, fashion and performance brands for footwear and related accessories to consumers worldwide. Collective Brands, Inc. is the holding company of Payless ShoeSource, Stride Rite, and Collective Licensing International. Payless ShoeSource is the largest specialty family footwear retailer 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. Stride Rite also markets products for children and adults under well-known brand names, including Sperry Top-Sider, Saucony, Keds, and Robeez. Collective Licensing International is a leading youth lifestyle marketing and global licensing business. Information about, and links for shopping at, each of Collective Brands' units can be found at www.collectivebrands.com.