Shoe Pavilion says Q4 profit rises, same-store sales up
24 Feb '06
2 min read
The company opened 10 new stores and closed 6 stores during 2005 as part of its strategic plan to close smaller stores upon lease expiration and open larger stores in power retail centers.
Dmitry Beinus, Chairman and CEO, stated, "I am extremely pleased with our operating performance results for the year. We achieved increases and improvement in sales, gross profit and net income in 2005."
Shoe Pavilion is an independent off-price branded footwear retailer in the Western United States. It offers a broad selection of women's, men's and children's designer label and branded footwear, typically at 20 percent to 60 percent below department store regular prices.
The company has 93 stores in California, Washington, Oregon, Arizona, Nevada and Texas.
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