The parent of the Payless shoe chain, which is being shopped, is hit with a class-action lawsuit on behalf of investors who bought PSS stock between Dec. 1, 2010 and May 24, 2011.

Unseasonably warm temperatures across much of the country last month coupled with many consumers armed with holiday gift cards to spend were positives for many retailers last month.

The Miami parent or licensee of a variety of apparel brands, including Nike Swim, intends to streamline operations and eliminate less productive overhead after a completing a strategic brand review of its core businesses—sportswear, golf, Hispanic lifestyle and swim.