Off-price footwear retailer Shoe Pavilion Inc, which filed for Chapter 11 bankruptcy protection in July, is to shutter its entire chain of 64 stores.

The Sherman Oaks, California based retailer, which was once the largest independent off-price footwear retailer on the West Coast, has begun a going-out-of-business sale at all locations. 

Shoe Pavilion sells women's and men's designer label and name brand footwear such as Esprit, Puma, Clarks, Dexter, Skechers, Dr Marten and Timberland at prices up to 70% less than regular department stores.

The going-out-of-business sale is being conducted by a joint venture group consisting of Great American Group, SB Capital Group, Tiger Capital Group, and Hudson Capital Partners and is expected to last 10-12 weeks.

Some stores may close sooner than this the company said.

Until it filed for bankruptcy protection, Shoe Pavilion had been expanding its business to include consignment merchandise such as apparel, fragrances, sunglasses and jewellery.

But in its last financial statement for the first quarter to 29 March, it said sales slipped 8.5% to $32.529m from $35.565m in the same period of the prior year, while net losses widened to $6.284m from $1.213m.

In June it was warned of a delisting from the Nasdaq Stock Market after the bid price of its common stock fell below minimum levels for 30 consecutive business days.

The shoe chain joins US fashion retailer Mervyns which on Friday (17 October) said it is winding down business at its 149 stores after filing for bankruptcy protection in July.