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From designer-styled shoes and coordinating handbags to kid-friendlyslippers, backpacks, watches and hat/scarf sets, Payless has great gift itemsfor every friend and family member on this season's holiday shopping list.Prices averaging under $25 per item, some as low as $5.99, will ensure thatconsumers can stuff stockings and still have cash left over.

Gift Under $10

Payless' selection of fingerless gloves, patterned scarves, and woven hatsin classic and gem-colored hues represent the season's hottest accessories --perfect for keeping the friends and family members on your gift listfashionably warm. Opaque tights, necklaces and earrings add pops of color,sparkle and shine to the classic Little Black Dress, while additional itemssuch as "I Love Shoes"(TM)-branded makeup bags, totes, and umbrellas round outthe brand's holiday gift offerings. Most of these items are priced under $10,ensuring that every holiday shopper's needs can be met -- from winter wardrobeupdates to gifting and vacation getaways.

Abaete for Payless

Laura Poretzky's "American International" design aesthetic is once againevident in her most recent collection for Payless. The Abaete for Paylessholiday line channels Poretzky's rich international experiences living inBrazil, France and New York into a six piece collection that evokes a resortgetaway. The line includes a peep-toe wedge, pump, flat, canvas skimmer,satin slipper, and coordinating tote bag. Woven ribbon detailing is aprevalent theme, adding texture and pops of color to the distinctivesilhouettes.

Lela Rose for Payless

Lela Rose is well known for her unique "classic with a twist" andinterplays of textures and fabrics. The Lela Rose for Payless holiday line isno exception, once again showcasing the designer's signature spectrum of richmaterials and bright colors. Black burlap fabrication and a straw/patentweave distinguish the line's resort-casual silhouettes, while satin materials,plaid prints and delicate bow accents are found in a holiday festive grouping.The line's six styles include two wedges, a peep-toe pump, two flats and aslipper, along with a coordinating clutch and tote.

Patricia Field for Payless

Famed stylist Patricia Field's third collection for Payless is reflectiveof the designer's imaginative, innovative approach to fashion. Perfect forpartygoers seeking to add downtown edge to their fashion-forward ensembles,the line includes a platform sandal, platform ankle boot, tall wedge boot,tall high-heeled boot, coin purse and satchel. Towering stacked heels, studdetailing and moccasin-inspired fringe trim also distinguish the eye-catchingcollection.

Payless Core Collections

In addition to Payless Designer Collections, the Payless core collectionfor holiday features well-known brands such as Airwalk(R), American Eagle(TM),Dexter(R), Champion(R), and Dunkman(TM). The lines showcase key trends likecrinkle patent, vintage styling, burnished metallics, button and buckledetailing, faux-fur and shearling trim, and sparkle embellishments. With awide variety of silhouettes to choose from, every shopper can find a pair tomake a personal style statement.

About Payless Designer Collections & Guest Designers

Payless is on a mission to democratize fashion and design in footwear andaccessories. The Payless Designer Collections -- seasonal lines of originalfootwear and handbags created by fashion designers and hot off the runway --are a key piece of that strategy.

Payless designers include Abaete for Payless designer Laura Poretzky, LelaRose and the Lela Rose for Payless label, Stacey Bendet with alice + oliviafor Payless and style icon Patricia Field with Patricia Field for Paylesscapsule collections. This select group of fashion designers and stylistscreate designer footwear and accessory collections for Payless featuring thelatest runway and red carpet styling details. Each collection is unique andreflective of the designer's signature style. Payless' designer collectionsare among the most broadly distributed designer footwear lines available inthe United States today.

About Payless & Collective Brands

Payless ShoeSource, Inc., a unit of Collective Brands, Inc., is thelargest specialty family footwear retailer in the Western Hemisphere and isdedicated to democratizing fashion and design in footwear and accessories andinspiring fun, fashion possibilities for the family at a great value. As ofthe end of second quarter 2008, the company operated more than 4,500 stores.In addition, customers can buy shoes over the Internet through Payless.com(R)at http://www.payless.com.

Collective Brands, Inc. (NYSE: PSS) is a leader in bringing compellinglifestyle, fashion and performance brands for footwear and related accessoriesto consumers worldwide. The company operates three strategic units covering apowerful brand portfolio, as well as multiple price points and sellingchannels including retail, wholesale, ecommerce and licensing. CollectiveBrands, Inc. includes Payless ShoeSource, focused on democratizing fashion anddesign in footwear and accessories through its more than 4,500-store retailchain, with its brands American Eagle(TM), Airwalk(R), Dexter(R), Champion(R)and designer collections Abaete for Payless, Lela Rose for Payless and alice +olivia for Payless, among others; Stride Rite, focused on lifestyle andathletic branded footwear and high-quality children's footwear sold primarilythrough wholesaling, with its brands including Stride Rite(R), Keds(R),Sperry Top-Sider(R), Robeez(R), and Saucony(R), among others; and CollectiveLicensing International, the brand development, management and globallicensing unit, with such youth lifestyle brands as Airwalk(R), Vision StreetWear(R), Sims(R), Lamar(R) and LTD(R), World Snowboarding Championships(TM),Sugarboards(R), Carve(R), genetic(R), Dukes(TM), Rage(R), Ultra-Wheels(R), andSkate Attack(R) brands. Information about, and links for shopping on, each ofthe Collective Brand's units can be found at http://www.collectivebrands.com.

SOURCE Payless ShoeSource, Inc.