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Article: Shoe Pavilion Announces an 8.6% Increase in Comparable Store Net Sales and a 38.7% Increase in Total Net Sales for Fourth Quarter 2006.
- Article from:
- Business Wire
- Article date:
- January 8, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SHERMAN OAKS, California -- 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. ...