Footwear retailer Shoe Pavilion, Inc. has announced that net sales for the 13-week fourth quarter period ended December 31, 2005 increased 18.9% to $29.5 million, compared with $24.8 million for the 13-week fourth quarter period ended January 1, 2005. Comparable store net sales for the 13-weeks ended December 31, 2005 increased 5.5%.

Net sales for the 52-week fiscal year ended December 31, 2005 increased 19.5% to $102.5 million compared with $85.8 million for the 52-week fiscal year ended January 1, 2005. Comparable store net sales for the 52-week period ended December 31, 2005 increased 6.9%.

Dmitry Beinus, chairman and CEO of the company, stated, "I am extremely pleased with the comparative store sales increases of 5.5% for the fourth quarter in light of the fact that last year's fourth quarter comp store sales were up 14.7%. It is also a milestone event for the Shoe Pavilion achieving revenues of over $100 million for the first time in the company's history."