Collective Brands, Inc. (Collective Brands) is a producer of compelling lifestyle, fashion and performance brands for footwear and related accessories to consumers worldwide. Collective Brands operates a portfolio of brands and private brand labels through multiple selling channels, including retail, wholesale, e-commerce, licensing and franchising. It consists of three lines of business: Payless ShoeSource (Payless), Collective Brands Performance Lifestyle Group (PLG) and Collective Licensing. It operates its business in four segments: Payless Domestic, Payless International, PLG Wholesale and PLG Retail. As of January 28, 2012, it franchised 143 Payless and 20 PLG Retail stores. During the fiscal year ended January 28, 2012, it operated a total of 4,496 retail stores. In October 2012, Wolverine World Wide Inc announced that a consortium comprised of Wolverine Worldwide, Golden Gate Capital and Blum Capital Partners acquired Collective Brands.