Footwear maker Shoe Pavilion Inc has announced that Nasdaq has approved the company's application to move its exchange listing from the Nasdaq Capital Market (formerly known as the Nasdaq Small Cap Market) to the Nasdaq National Market.
The company's shares will begin trading on the Nasdaq National Market at the open of trading on Wednesday, February 8, 2006. The company's securities will continue to be listed under the trading symbol SHOE.
Dmitry Beinus, Chairman and CEO of Shoe Pavilion said, "We are extremely pleased to be listed on the Nasdaq National Market. This is a significant accomplishment for our company and provides our stockholders with a more prominent platform for trading our shares."
Shoe Pavilion Inc is a leading off-price branded footwear retailer in the Western United States.
The company offers a broad selection of quality designer label and name brand footwear, typically at 20 percent to 60 percent below regular department store prices, in a convenient self-service store format. It has 90 stores in California, Washington, Oregon, Nevada and Arizona.