Shoe Pavilion Announces an 8.6% Increase in Comparable Store Net Sales and a 38.7% Increase in Total Net Sales for Fourth Quarte
08 Janvier 2007 - 3:15PM
Business Wire
Shoe Pavilion, Inc. (Nasdaq:SHOE) today announced net sales for the
fourth quarter ended December 30, 2006 increased 38.7%, or $11.4
million, to $40.9 million from $29.5 million for the fourth quarter
ended December 31, 2005. Comparable store net sales for the fourth
quarter increased 8.6% from the same period in fiscal 2005. Sales
from our new stores and relocated stores contributed $10.9 million
in the fourth quarter ended December 30, 2006. Net sales for the
fiscal year ended December 30, 2006 increased 28.1%, or $28.8
million, to $131.3 million compared to net sales of $102.5 million
in the fiscal year ended December 31, 2005. Comparable store net
sales for the fiscal year ended December 30, 2006 increased 3.9%
from the same period in fiscal 2005. Sales from our new stores and
relocated stores contributed $32.9 million in the fiscal year ended
December 30, 2006. During the quarter, we opened nine new stores
and closed one store for which the lease had expired, bringing the
total number of stores that we operate to 108 as of December 30,
2006. Dmitry Beinus, Chairman and CEO of the Company, stated: �We
are extremely pleased with the 38.7% increase in total net sales
and the 8.6% increase in comparable store net sales for the fourth
quarter and believe that our strong fourth quarter performance was
the result of matching product selection with consumer demand. It
is also noteworthy that this increase was achieved on top of an
18.9% increase in total net sales and a 5.5% increase in comparable
store net sales in the fourth quarter of 2005.� About Shoe Pavilion
Shoe Pavilion is an independent off-price footwear retailer with
locations in seven Western and Southwestern states. We offer a
broad selection of women�s, men�s and children�s designer label and
name brand footwear, typically at 20% to 60% below department store
regular prices for the same shoes. Today, we operate 108 stores
located in California, Washington, Oregon, Nevada, Arizona, Texas
and New Mexico. More information on Shoe Pavilion can be found by
visiting our web site at www.shoepavilion.com.
Shoe Pavilion (NASDAQ:SHOE)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Shoe Pavilion (NASDAQ:SHOE)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Shoe Pavilion, (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Shoe Pavilion, Inc.