US: Shoe Pavilion boosts Q2 sales
Off-price chain Shoe Pavilion said it is "pleased" with second-quarter results and added that its store openings remain on schedule.
Quarterly sales increased 28.9% to US431.4m from $24.4m last year, while same-store sales increased 3.9%.
The company opened four new stores and shut one during the quarter. Chairman and CEO Dmitry Beinus said: "We remain on track with our goal of opening 20 new stores in fiscal year 2006."
Shoe Pavilion sells brands such as Converse, Reebok, Skechers and Nine West typically at 20% to 60% below regular department store prices for the same shoes.
The company currently has 97 stores located throughout California, Washington, Oregon, Nevada, Arizona and Texas.
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