Collective Brands Profits Surge

KANSAS CITY, Mo. (AP) _ First-quarter profits at Collective Brands Inc. surged 93 percent, helped by litigation and accounting expenses recorded during the year-ago quarter.

The earnings results beat Wall Street expectations, although sales declined. They were hurt by lower consumer spending, foreign currency fluctuations and
the end of the company's relationship with designer Tommy Hilfiger for adult footwear.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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