Collective Brands is a major player in the footwear and accessories market and owns such brands as Payless ShoeSource, Saucony, Sperry Top-Sider, Stride-Rite, and Keds. Each of PSS’s brands serves a targeted market and serves those markets well. The company’s primary target consumer is lower income but still fashion conscious consumers.
Overall, PSS has fantastic management, in my opinion, and highly efficient and effective processes. Combine these traits with a penchant for innovation and strong cash generation capabilities, even through the recession, and you have the makings of a formidable company.
Opportunity Presented by Uncertainty… read on.