Shoe Pavilion, Inc. has appointed Michael P. McHugh as EVP and CFO. Mr. McHugh has over 35 years' financial and accounting experience, including 12 years as the SVP and CFO of J. Crew Group, Inc., then a privately owned $875 million specialty store retailer and five years as the SVP and CFO of Authentic Fitness Inc., a $350 million publicly traded swimwear manufacturer and retailer.


Dmitry Beinus, the company’s chairman and CEO, stated, “We are very pleased to have someone of Mike’s substantial experience join us now, particularly as we move into our holiday sales period and the 2008 fiscal year.”

The company also has filed a Form 12b-25 Notification of Late Filing with the Securities and Exchange Commission for an extension to file its Quarterly Report on Form 10-Q for the period ended September 29, 2007. In its extension filing with the SEC, the company explained that the Form 10-Q filing was delayed because the company was still completing procedures necessary for closing the quarter, including finalizing its analyses of inventory valuation, long-lived assets impairment and deferred income tax assets valuation.