Payless ShoeSource Inc. announced Tuesday that it would buy Stride Rite Corp. for $800 million plus assumption of Stride Rite debt, a move that would give the Topeka-based holding company a new name.

Stride Rite operates its own branded retail locations. Its shoes are also available in a number of other retail locations, such as Macy’s and Bootleggers as well as online at striterite.com.