EXHIBIT 99.2

         SCRIPT FOR FEBRUARY SALES COMMENTS -- THURSDAY, MARCH 3RD, 2005

The following are comments expanding on same-store sales results for Payless
ShoeSource, Inc. during the February reporting period for fiscal year 2005, the
four weeks ended February 26th, 2005.

Payless ShoeSource reported that corporate same-store sales increased 13.5
percent during February of fiscal 2005 versus the same period in fiscal 2004.

Total company sales in February were $182.5 million dollars, a 10.8 percent
increase from total sales of $164.7 million in February 2004. Sales are from
continuing operations in both periods.

We saw strong results for the month across all categories of women's and
children's product and accessories, as well as solid results in men's athletics.

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

We are very pleased with our strong performance in February, as it suggests that
our new tactics are beginning to work. Our inventory position, trend-right
merchandise, effective promotions and compelling messaging all contributed to
the strong February performance.

We know that this is just the beginning. We will continue to carefully manage
our inventories, and apply discipline and rigor to all processes as we strive
for improved results in 2005.

Looking ahead to March and April, the company remains committed to its
long-standing goal to achieve low single-digit positive same-store sales on a
consistent basis. In addition, performance in March will likely benefit from the
shift in Easter to March 2005 from mid-April last year and April sales will
likely be negatively affected by the shift.

At the end of February, we were operating 4,646 total stores, including 147
stores in the Central American region, 30 stores in South America and 306 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 October 30, 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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