Shoe Pavilion Expects Loss

SHERMAN OAKS, CA-Retailer Shoe Pavilion is expecting a third-quarter loss in the range of $100,000 to $300,000 for the period ended Oct. 1. The quarter was impacted by lower-than-expected sales and costs related to new store openings, executives say.

Net sales did increase by 28.1%, to $31.8 million. The company has not yet reported its same-store sales, though last year’s identical quarter’s year-over-year comparable gain came in a 3.7%.

During the quarter, Shoe Pavilion opened seven new stores and management expects the opening of 20 to 22 new units during the year. The locally based chain currently operates 101 stores on the West Coast and in the Southwest.