Topeka, Kan.

Topeka, Kan. -- Following earlier reports on Wednesday that Shopko CEO Paul Jones had departed the company to pursue another opportunity, Payless Holdings has announced that Jones has stepped in as chief executive for the shoe chain. Jones, whose...

Topeka, Kan. -- Collective Brands Inc. reported Friday that net income for the second quarter was $9.7 million, compared with a loss of $35 million last year when it booked nearly $84 million in one-time charges. Sales for the owner of Payless...

Topeka, Kan. -- Collective Brands stockholders voted at a special meeting on Tuesday to approve the sale of the company for about $1.32 billion. Collective, which owns the Payless and Stride Rite shoe store banners, had announced in May that it accepted...

Topeka, Kan. -- Collective Brands said Thursday that the U.S. Federal Trade Commission has granted early termination of the waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act in connection with Collective’s impending $2 billion acquisition by Wolverine World Wide, Blum Capital Partners and Golden Gate Capital. As announced on May 1, investment firms Blum Capital and Golden Gate will jointly acquire the operations of Payless ShoeSource and Collective Licensing International. Wolverine will acquire Collective Brands' Performance + Lifestyle Group, which includes Sperry Top-Sider, Saucony, Stride Rite and Keds.

Collective Brands' Payless and its partners said that in 2012 they expect six store openings in Korea, as well as five stores each to open in Thailand and Vietnam.

Macy's will close five Macy's and four Bloomingdale's stores that are underperforming. More than 830 workers will be affected by the closings — 375 at Macy's stores and 463 at Bloomingdale's. But many could have the option of taking jobs at new stores the company plans to open.