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San Francisco Business Times - 1:58 PM PDT Thursday
Sales up 19% at Shoe Pavilion
Off-price shoe seller Shoe Pavilion Inc. said Thursday it made a profit of $406,000 for the first quarter ended April 2, compared with income of $352,000 in the same quarter a year ago.
Sales at the company (NASDAQ:SHOE) rose 19 percent, it said, to $23.3 million for the quarter, from $19.6 million in the first quarter a year ago.
Shoe Pavilion opened one store and closed two more where the leases expired during the quarter it said. Since the quarter's end, the company has opened one more store and closed one, too, leaving it with a total of 85 stores.
It said that during the rest of 2005 it plans to close three more stores when their leases expire.
The Pinole-based company has stores in California, Oregon, Washington and Arizona.
© 2005 American City Business Journals Inc.
RSS Feeds | Reprints | E-mail Alerts | Printable Version | Email Story
San Francisco Business Times - 1:58 PM PDT Thursday
Sales up 19% at Shoe Pavilion
Off-price shoe seller Shoe Pavilion Inc. said Thursday it made a profit of $406,000 for the first quarter ended April 2, compared with income of $352,000 in the same quarter a year ago.
Sales at the company (NASDAQ:SHOE) rose 19 percent, it said, to $23.3 million for the quarter, from $19.6 million in the first quarter a year ago.
Shoe Pavilion opened one store and closed two more where the leases expired during the quarter it said. Since the quarter's end, the company has opened one more store and closed one, too, leaving it with a total of 85 stores.
It said that during the rest of 2005 it plans to close three more stores when their leases expire.
The Pinole-based company has stores in California, Oregon, Washington and Arizona.
© 2005 American City Business Journals Inc.
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