Shoe Pavilion announces positive Q1 results

11/04/2005

American shoe retailer, Shoe Pavilion, Inc., has reported that net sales increased 19.0% to $23.3 million for the first quarter ended April 2, 2005, compared to net sales of $19.6 million for the same period last year. Comparable store net sales for the first quarter ended April 2, 2005 increased 10.7%.

 

During the quarter ended April 2, 2005 the company opened one store and closed two on which the leases had expired. Since the end of the quarter the company has closed one store bringing the total number of stores the company operates to 84. It plans to open between eight to ten stores by the end of 2005.