USA: Shoe Pavilion Posts Q3 Income Slide
Off-price footwear retailer Shoe Pavilion has reported a net income drop for the third quarter of 2005 despite net and same-store increases.
Third-quarter profit was $293,000 compared to $24,000 last year, on a 20.1 per cent net sales rise to $24.8m from $20.7m. Same-store sales were up 7.8 per cent during the period.
Net income for the nine months ended 1 October 2005 was $1.4m compared to $1.1m a year ago.
Nine-month net sales grew 19.8 per cent to $73.0m from $61.0m last year.
Shoe Pavilion is an independent off-price footwear retailer that sells women's, men's and children's footwear, typically at 20 per cent to 60 per cent below department store prices.
Help test our new apparel sourcing tool.
- Unlocks for the future fashion sourcing landscape
- EU eyes mandatory due diligence for apparel supply
- Geo-political uncertainty and how to survive it
- What TTIP might mean for US, EU textiles & apparel
- Where next for Corporate Human Rights Benchmark?
- Li & Fung forms supply chain partnership with PVH
- US Q4 in brief – Finish Line, Oxford Industries
- Sears has "substantial doubt" of future
- World Bank commits $57bn to sub-Saharan Africa
- Target unveils "ambitious" store re-design plans
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective