Shoe Pavilion net sales increased 11.5% to $24.8 million for the thirteen-week fourth quarter ended January 1, 2005, compared to net sales of $22.2 million for the fourteen week fourth quarter ended January 3, 2004. Last year’s reported net sales included $1.5 million in sales related to the additional week in the fourth quarter. Comparable store net sales for the thirteen-weeks ended January 1, 2005 increased 14.7%.
Net sales for the 52-week fiscal year ended January 1, 2005 increased 2.6% to $85.8 million compared to net sales of $83.6 million for the 53-week fiscal year ended January 3, 2004. Last year’s reported net sales included $1.5million in sales related to the additional week in the fourth quarter. Comparable store net sales for the 52-week period ended January 1, 2005 increased 3.9%.
During the quarter ended January 1, 2005 the Company opened two stores bringing the total number of stores the Company operates to 86.
