Collective Brands, the U.S. company that owns Saucony and many other brands and various retail operations, said it will review its strategic and financial alternatives, indicating that it may want to sell some of its assets. Combined with a statement about the closure of many stores, the announcement sent the company's stock market price up by 13 percent, although the company reported a net loss of $35.0 million for the second quarter against a profit of $21.1 million in the same period a year ago. Revenues increased by 4.9 percent to $882.4 million. The company's Performance & Lifestyle Group (PLG) raised its wholesale revenues by 24.6 percent to $217.7 million, driven by Saucony and Sperry Top-Sider, and its order backlog increased by 36 percent (more in Shoe Intelligence).

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