Shoe Pavilion, Inc. expects to record first quarter net sales of $26 to $28 million and earnings per share of 2 cents to 6 cents.

Shoe Pavilion is a leading off-price branded footwear retailer in the Western United States. The Company offers a broad selection of quality designer label and name brand footwear, typically at 20% to 60% below regular department store prices, in a convenient self-service store format. As of March 9, 2006, the Company has 93 stores in California, Washington, Oregon, Nevada, Arizona and Texas.