Shoe Pavilion, Inc. saw net sales for the second quarter jump 26.0% to $31.4 million from $24.9 million for the same quarter last year. Comparable store sales for the quarter increased 3.9% over last year. Sales from new stores and relocated stores in the second quarter contributed $7.9 million.
During the quarter ended July 1, 2006, the company opened four new stores and closed one store when the lease expired. The company opened two stores in April, one in Bellevue, Washington and one in Huntington Beach, California and opened two stores in June in Sacramento and Montebello, California.
Dmitry Beinus, Chairman and CEO of the company, stated, “I am pleased with our sales results for the second quarter. Our comp sales for the quarter were strong and are on top of an 8.2% comp increase in the second quarter of 2005. We remain on track with our goal of opening 20 new stores in fiscal year 2006.”
