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Shoe Pavilion history
Shoe Pavilion company history timeline
Looking to strike out on his own, he regularly scoured the newspaper for business opportunities and one day in 1979 came upon an ad for a small shoe store at the Renton Center in Renton, Washington, called Shoe Inn that was on the market for $50,000, inventory included.
Then, in 1982, he began to pursue an "off-price" strategy when a Marshalls discount department store opened in the area.
By 1990 the Shoe Pavilion chain numbered 11 stores in Puget Sound.
Revenues totaled $21.5 million in 1994; by comparison, at the height of the conversion effort the company lost $327,000.
Most of the stores were converted in 1994.
Coupled with electronic security tagging of the merchandise, the chain was able to significant reduce shrinkage—the loss of products due to theft—whether by shoplifters or employees. It was also in 1994 that Shoe Pavilion installed a remote computer-based video monitoring system, a key element in the company's ability to make the self-service format viable.
Sales improved to $25.5 million in 1995 and the company returned to profitability, netting $402,000.
All told, the company added 16 stores and closed two in 1997, so that by the end of the year Shoe Pavilion was operating 55 stores in Washington, Oregon, California, and Nevada.
As 1998 came to a close, Shoe Pavilion began doing business on the Internet, operating through Yahoo! Shopping, which combined more than 2,700 online stores.
The loss of this business contributed to a continued drop in revenues, which fell below $84 million in 2002.
Shoe Pavilion opened an online store in 2002.
Late in 2005 Shoe Pavilion moved its headquarters to southern California, to Sherman Oaks.
"Shoe Pavilion, Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/shoe-pavilion-inc
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Shoe Pavilion competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Sweet Factory | 2002 | $206.7M | 2,000 | 3 |
| Genesco | 1924 | $2.3B | 21,000 | 16 |
| Schurman Retail Group | 1950 | $300.0M | 25 | - |
| The Bombay Company | - | - | 751 | - |
| BATTERIES & BANDS | 1982 | $5.4M | 150 | - |
| Eagle Postal Centers | - | $570,000 | 9 | - |
| House of Fabrics Inc | 1946 | $460.0M | 3,000 | - |
| Raven Rock Workwear | 2004 | $790,000 | 25 | - |
| CRESCENT JEWELERS | - | $1.6M | 15 | - |
| Etienne Aigner AG - Official Online Shop | 1965 | $46.6M | 131 | - |
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Shoe Pavilion may also be known as or be related to Shoe Pavilion and Shoe Pavilion Corporation.