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Shoe Pavilion closes all stores

21
Oct '08
Shoe Pavilion Inc has commenced a going-out-of-business sale in all 64 of their locations.

Shoe Pavilion offers a broad selection of women's and men's designer label and name brand Footwear such as Esprit, Puma, Clarks, Dexter, Skechers, Dr. Marten and Timberland, typically at 30% to 70% below regular department store prices for the same shoes. The Company has 64 of its own stores in California, Washington, Oregon and New Mexico.

The going-out-of-business sale will be conducted by a joint venture group consisting of Great American Group, LLC, SB Capital Group, LLC, Tiger Capital Group, LLC, and Hudson Capital Partners, LLC. The sale is expected to last 10-12 weeks with some stores closing sooner.

Danny Kane, Managing Member of Tiger Capital Group commented “It is always tough to close down stores, but consumers will benefit from the extreme discounts on every item in the stores until all the merchandise is sold.”

Andy Gumaer, CEO of Great American Group added “With the holidays fast approaching, and consumers tight with their finances, this will be a great opportunity for them to get tremendous value for their money.”

Great American Group, SB Capital, Tiger Capital, and Hudson Capital Partners, all provide services focused on turning excess inventory into immediate cash through strategic retail store-closings.

Shoe Pavilion Inc


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