Off-price shoe chain Shoe Pavilion reported a net loss in the third quarter of the year, on soft same-store and new store sales.

Net loss totalled US$318,000 compared to an income of $293,000 a year ago. Total sales were up 28% while same-store sales edged up 3.7%.

Bruce Ross, executive VP and CFO, said: "Our results for the quarter were consistent with the high end of our net loss estimates."

Ross blamed slow sales on "unseasonably warm weather".

"Although we generated top line growth of 28%", he added, "our operating margins were reduced due to the increased number of newly opened stores as a percentage of our total store base".