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Thursday, Mar 28, 2024

Shoe Pavilion Sales Increase

Shoe Pavilion Inc. today reported comparable store net sales for the 13 weeks ended Dec. 31 rose 5.5 percent. “I am extremely pleased with the comp store sales increases of 5.5 percent for the fourth quarter in light of the fact that last year’s fourth quarter comp store sales were up 14.7 percent,” said Dimitry Beinus, chairman and CEO of Shoe Pavilion in a press release. “It is also a milestone event for the Shoe Pavilion achieving revenues of over $100 million for the first time in the company’s history.” Net sales for the fourth quarter increased 18.9 percent to $29.5 million, and sales for the fiscal year ended Dec. 31 increased 19.5 percent to $102.5 million. That compared with net sales of $85.8 million for the fiscal 2004 year.

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