The performance & lifestyle (PLG) division of Collective Brands, which is about to be taken over by Wolverine Worldwide, saw its total wholesale revenues increase by 8.3 percent to $230.2 million in the first quarter, with increases at Sperry Top-Sider and Stride Rite offsetting declines at Saucony and Keds in the U.S. The segment's operating profit declined by 8.3 percent to $23.2 million. Improved results were obtained in PLG's retail operations, represented by Sperry Top-Sider and Stride stores, and for the large U.S. network of Payless ShoeSource stores. The Payless chain in the U.S. recorded a sales increase of 3.1 percent to $513.9 million, and its operating profit rose by 140.8 percent to $31.3 million on an adjusted basis. Payless International instead ran into a loss on 3.8 percent higher sales of $101.2 million. The better overall results at retail contributed to raise the adjusted operating profit of the group by 37.5 percent to $58.3 million on 5.0 percent higher revenues of $912.1 million. The company was thus able to post an adjusted net profit of $41.7 million for the quarter, up from $26.4 million in the same period a year ago