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Payless ShoeSource Announces Designer Footwear That's Affordable

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Payless' First-Ever Designer Collection, Abaete for Payless, is Available Beginning Sept. 6 in Select Stores Nationwide and Payless.com(R); Payless Extends Alliance with Fashion Designer Laura Poretzky for Holiday and Spring '07 Collections, Hits Runway at New York Fashion Week Next Week

NEW YORK, Sept. 7 /PRNewswire/ -- This fall, women nationwide will have the chance to strut the streets in designer shoes they actually can afford. Payless ShoeSource(R), the nation's leading footwear retailer dedicated to democratizing fashion and design in footwear and accessories, has united with fashion designer Laura Poretzky to create the Abaete for Payless collection, the retailer's first-ever designer footwear line.

"Shoppers will be surprised and delighted when they see the modern, high- fashion style of the Abaete for Payless collection and the price tag of just $20 to $45," said Matt Rubel, chief executive officer for Payless ShoeSource. "Our mission is to democratize great fashion and design by bringing it to consumers at a great price. Our alliance with Laura Poretzky is one way that we are achieving our mission and inspiring fun fashion possibilities for women across the nation."

The collection was unveiled at the Abaete runway show at New York's Fall Fashion Week this past Feb., and includes four silhouettes in a variety of colors, materials and styling details:

-- "Sky" Boot: a sleek tall boot that hugs the leg with thin buckled
straps and modern stitching detail at the toe and throughout the shaft.
Available in brown faux suede and black faux satin.
-- "Joseph" Boot: a chic cocktail boot with ankle buckle detail.
Available in black.
-- "Oliver" Pump: a sophisticated d'Orsay pump, with a patent cap-toe
accent and bow detail offered in the latest color combinations like
black and white and black and purple.
-- "Casey" Flat: a contemporary, flirty flat with patent bow detail in
rich tomato red faux suede and brown faux satin.

"I am thrilled to be able to bring my designs and runway style to real women," said fashion designer Laura Poretzky of Abaete. "Working with Payless has been extremely rewarding, and it is exciting to see my designs in the storefronts of the nation's leading footwear retailer and soon to be worn by women across America."

Abaete for Payless is a limited-edition collection available beginning Sept. 6 exclusively in about 450 Payless stores nationwide and on Payless.com(R). Payless and Poretzky have extended their alliance and will work together to create Holiday '06 and Spring '07 Abaete for Payless Collections. The Spring '07 collection will makes its debut at New York Fashion Week at Poretzky's Abaete show on Sept. 14.

About Payless

Payless ShoeSource, Inc., the largest specialty family footwear retailer in the Western Hemisphere, is dedicated to democratizing fashion and design in footwear and accessories to inspire fun fashion possibilities for the family. As of the end of second quarter 2006, the Company operated a total of 4,584 stores. In addition, customers can buy shoes over the Internet through Payless.com(R) at http://www.payless.com/ .

About Laura Poretzky

Laura Poretzky is a New York-based designer who designs under the Abaete label. She was born in France to a Russian father and a Danish-Brazilian mother, and raised between Paris, Rio de Janeiro and New York. After graduating from the Rhode Island School of Design (RISD), Laura went on to work at some of the most prestigious fashion houses in New York. After the launch of her successful swimwear line, Laura extended her designs into a complete line of ready-to-wear apparel and now footwear -- drawing as much on her experience as a New Yorker as on her Latina and Eurasian roots. Laura Poretzky and the Abaete brand are represented by Designer's Management Agency.