Exhibit 99.2

Script for November Sales Comments -- Thursday, December 2nd, 2004

The following are comments expanding on same-store sales results for Payless
ShoeSource, Inc. during the November reporting period for fiscal year 2004, the
four weeks ended November 27th, 2004.

Payless ShoeSource reported that corporate same-store sales decreased 2.3
percent during November 2004 versus the same four weeks of November 2003.

Total company sales in November 2004 were $206.4 million dollars, a 1.0 percent
decrease from total sales of $208.5 million in November 2003.

Our strongest categories included women's boots, boy's and girl's shoes, men's
synthetic shoes, and men's athletic shoes. Weaker categories included women's
dress shoes and men's boots.

By region, our business was strongest in the Northeast, followed by the
Northcentral, the South and the West.

In August the company announced a series of strategic initiatives as part of a
plan designed to sharpen the company's focus on its core business strategy,
reduce expenses, accelerate decision-making, increase profitability, improve
operating margin, and build value for shareowners over the long-term. The
initiatives include exiting Parade, Peru and Chile; the closing of approximately
260 additional Payless ShoeSource stores; the reduction of wholesale businesses
that provide no significant growth opportunity; and a reduction of the company's
expense structure.

The company estimates that the total costs relating to the strategic initiatives
could be in the range of $77 million to $90 million, consistent with previous
disclosures.

Relating to these initiatives, during November, the company closed 85 stores in
North America. In addition, on October 27th, 2004, the company entered into an
agreement to transfer ownership of its Peruvian business entity, including all
related operations and liabilities, to Orion Investment Capital Inc., an
organization comprised of some owners of the company's South American
joint-venture partner, in consideration of Orion assuming the liabilities of the
entity. The transaction was completed on November 15th, 2004.

The company expects to complete all of the strategic initiatives by the end of
fiscal 2004, and to end the year with its inventory assortment appropriately
positioned for Spring 2005.

On November 19th, the company opened its first store in Japan, at Tokyo-Bay
Lalaport, a major shopping mall in Japan. The company has curtailed any other
expansion into new international markets to focus on its core business.

At the end of November, we were operating 4,951 total stores, including 148
stores in the Central American region, 49 stores in South America and 308 stores
in Canada.

This recording contains forward-looking statements relating to anticipated
financial performance. A variety of known and unknown risks and uncertainties
and other factors could cause actual results to differ materially from the
anticipated results or expectations. Please refer to the company's Annual Report
on Form 10-K for the fiscal year ended January 31, 2004, and the Form 10-Q for
the quarter ending July 31, 2004, for more information on risk factors that
could cause actual results to differ. The company does not undertake any
obligation to release publicly any revisions to such forward-looking statements
to reflect events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.

Thank you for your interest in Payless.

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