Subsequent Events	6 Months Ended
Jul. 30, 2011
Subsequent Events
Subsequent Events	Note 15 — Subsequent Events During the third quarter of 2011, the Company announced that, as part of its efforts to optimize the performance of its Payless and Stride Rite store fleet, it would close approximately 475 under-performing and low-volume, non-strategic stores in the next three years with more than 300 of those closings coming by the end of this fiscal year. Approximately 270 of the stores slated to close this year are Payless and about 45 are Stride Rite Children's locations. These actions will be taken to optimize the profitability of markets by removing many low sales volume stores which are cash flow negative or slightly positive but cannot support the assortments and staffing that the Company believes its stores should offer. In accordance with Accounting Standards Codification ("ASC") 420, "Exit or Disposal Cost Obligations," costs associated with this plan, which consist of contract termination costs, employee termination costs, and other exit costs, will be recorded at fair value when they are incurred. The Company estimates that these costs could be in the range of $25 million to $35 million over the next three years, however, the ultimate financial impact of this plan is dependent upon the actual exit transactions. The lease termination costs will be recorded when the stores are closed or lease buyouts are negotiated with the landlords. The Company also announced that it will adopt a short duration Rights Plan to protect shareholder rights. Under the Rights Plan, the Rights will become exercisable if a person or group acquires 15% or more of Collective Brands, Inc. outstanding common stock. The Record Date for the issuance of the Rights will be September 6, 2011 and the Rights will expire on August 15, 2012 unless earlier redeemed or terminated.

Note 15 — Subsequent Events

During the third quarter of 2011, the Company announced that, as part of its efforts to optimize the performance of its Payless and Stride Rite store fleet, it would close approximately 475 under-performing and low-volume, non-strategic stores in the next three years with more than 300 of those closings coming by the end of this fiscal year. Approximately 270 of the stores slated to close this year are Payless and about 45 are Stride Rite Children's locations. These actions will be taken to optimize the profitability of markets by removing many low sales volume stores which are cash flow negative or slightly positive but cannot support the assortments and staffing that the Company believes its stores should offer.

In accordance with Accounting Standards Codification ("ASC") 420, "Exit or Disposal Cost Obligations," costs associated with this plan, which consist of contract termination costs, employee termination costs, and other exit costs, will be recorded at fair value when they are incurred. The Company estimates that these costs could be in the range of $25 million to $35 million over the next three years, however, the ultimate financial impact of this plan is dependent upon the actual exit transactions. The lease termination costs will be recorded when the stores are closed or lease buyouts are negotiated with the landlords.

The Company also announced that it will adopt a short duration Rights Plan to protect shareholder rights. Under the Rights Plan, the Rights will become exercisable if a person or group acquires 15% or more of Collective Brands, Inc. outstanding common stock. The Record Date for the issuance of the Rights will be September 6, 2011 and the Rights will expire on August 15, 2012 unless earlier redeemed or terminated.