Shoe Pavilion, Inc. net sales increased 19.0% to $23.3 million for the first quarter ended April 2, 2005, compared to net sales of $19.6 million for the same period last year. Comparable store net sales for the first quarter ended April 2, 2005 increased 10.7%.
During the quarter ended April 2, 2005 the Company opened one store and closed two stores in which the leases had expired. Since the end of the quarter the Company closed one store bringing the total number of stores the Company operates to 84. The Company plans to open between eight to ten stores the remainder of 2005.
