Shoe Pavilion, Inc. announced comparable store net sales increased 8.2% for the second quarter ended July 2, 2005 from the same period last year. Net sales for the second quarter ended July 2, 2005 increased 20.2% to $24.9 million from $20.7 million for the same period last year.
Comparable store net sales for the six months ended July 2, 2005 increased 9.5% from the same period last year. Net sales for the six months ended July 2, 2005 increased 19.6% to $48.2 million from $40.3 million for the same period last year.
During the quarter ended July 2, 2005 the Company opened four stores and closed two stores in which the leases had expired bringing the total number of stores the Company operates to 87. The Company plans to open between four to eight stores the remainder of 2005.
