Collective Brands, which owns Saucony and a mix of other wholesale and retail operations related to footwear, reports much improved income on nearly flat sales for the second quarter of its fiscal year, ended July 28. Its net profit reached $11.5 million, compared with a loss of $33.3 million in the same period last year. Sales inched up from $882.4 million to $886.0 million. The Performance + Lifestyle Group (PLG), the division that includes Saucony, lifted its sales by 6 percent to $231.0 million and its operating profit by 2 percent to $24.3 million. Saucony itself, however, suffered a sales decline in the mid-single digits. This is probably Collective Brands' last financial report since the group will be dismembered, with the Payless retail chain going to a pool of investors and PLG to Wolverine Worldwide, the parent company of Merrell and other footwear brands).