Kansas-based footwear, accessory and lifestyle brand company Collective Brands has reported net sales of $735.2 million for the fourth quarter of 2008, a decrease of 5.4% compared to net sales of $776.8 million for the same period of 2007.

For full year 2008 net sales were $3.44 billion, an increase of 13.4% compared to net sales of $3.03 billion for full year 2007.

Comparable store sales for the fourth quarter and full year 2008 were down 6.6% and 3.6%, respectively.

At the end of the year 2008, the company had $249.3 million in cash and cash equivalents and $209.0 million of borrowing capacity available under its revolving credit facility for total liquidity of $458.3 million.