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Collective Brands Inc., which operates the Payless ShoeSource and Stride-Rite shoe store chains, is paying footwear rival K-Swiss $30 million in a trademark infringement lawsuit.

The cheaper shoe company said it was not admitting any wrongdoing but that it promises to “refrain from making, advertising, promoting or selling footwear confusingly similar to that sold by K-Swiss.”

According to Associated Press reports, Payless has got until the end of the year to get rid of all remaining K-Swiss-like inventory.

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