Bankrupt shoe retailer closing O.C. store
September 20th, 2008, 12:04 pm · Post a Comment · posted by Hang Nguyen, retail reporter
Shoe Pavilion, the off-price shoe retailer, is closing its Irvine store at 2180 Barranca Pkwy.
The signs at the store say “Store closing — Everything must be sold.”
The entire store, which also sells dresses, skirts and bags, is now 20 to 40 percent off. All sales are final. The store declined to comment and the company could not be reached.
According to its Web site, the chain has more than 100 stores, including locations at Bella Terra in Huntington Beach and Lake Forest.
Founded in 1979, the shoe retailer filed for bankruptcy protection in July.
Sales at stores open at least a year, considered a key gauge of a retailer’s health, fell 16.5 percent for the quarter ended March 29. The results were primarily due to a “difficult retail environment,” according to an SEC document.
The retailer sells brands like Kenneth Cole Reaction, Steve Madden, Adidas, Anne Klein, Bandolino at 20 to 60 percent below regular department store prices.
Since the fourth quarter of fiscal year 2007, the company expanded its merchandise offerings to include apparel and fragrances and more recently, sunglasses and jewelry.
(Photo from Shoe Pavilion Web site.)
More from OC Retail:
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- 20 stores, eateries, etc. to open at new Asian O.C. center
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For more from OC Retail, see list of links on right-hand side of this blog.
