PSS Attracting Put Interest-Payless Shoestores
Collective Brands March puts active
Collective Brands is recently down 23c to $19.28. PSS is expected to report Q4 EPS in early March. March 17.5 puts have traded 48 times on transaction volume of 10,219 contracts, above its open interest of 172 contracts according to Track Data, suggesting traders taking positions for downside price movement.
Moving into "urban basketball" shoes??
Collective Brands acquires ABove the Rim brand from Reebok
Collective Brands is acquiring the Above The Rim brand from Reebok International for an undisclosed amount and that Collective Licensing International, which is focused on brand building, management and licensing worldwide, will expand the ATR brand, with its rich heritage in the urban basketball market, to seize opportunities for the brand in the U.S. and across the globe.