Shoe Pavilion, Inc. reported net income of $406,000 or 6 cents per diluted share for the first quarter ended April 2, 2005, an increase of 15.3% compared to net income of $352,000 or 5 cents per diluted share for the first quarter of 2004.

As previously announced 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 opened one store and closed one store bringing the total number of stores the company operates to 85. The company plans to close three stores in which the leases will have expired and open nine stores during the remainder of 2005.

                         Shoe Pavilion, Inc.
              Condensed Consolidated Statements of Income
                              (Unaudited)

(In thousands, except per share and number of
 stores)
                                                   Quarter Ended
                                             -------------------------
                                               April 2,      April 3,
                                                 2005          2004
                                             -----------   -----------
Net sales                                    $   23,299    $   19,573
Cost of sales and related occupancy expenses     15,283        12,948
                                             -----------   -----------
    Gross profit                                  8,016         6,625
Selling, general and administrative expenses      7,234         5,969
                                             -----------   -----------
    Income from operations                          782           656
Interest expense                                   (111)          (72)
                                             -----------   -----------
Income before income taxes                          671           584
Income tax expense                                 (265)         (232)
                                             -----------   -----------
Net income                                   $      406    $      352
                                             ===========   ===========

Earnings per share:
Basic                                        $     0.06    $     0.05
Diluted                                      $     0.06    $     0.05

Weighted average shares outstanding:
Basic                                             6,801         6,800
Diluted                                           7,054         6,816


Stores operated at end of period                     85            85