Advertisement
YOU ARE HERE: LAT HomeCollectionsShoe Pavilion Inc
IN THE NEWS

Shoe Pavilion Inc

FEATURED ARTICLES
BUSINESS
December 12, 1997 | Bloomberg News
Shoe Pavilion Inc. filed to sell almost 29% of its shares in an $18-million initial public offering. The Richmond-based company, which owns 56 retail stores that sell off-price, brand-name footwear, plans to sell 1.8 million common shares for $10 each, according to a registration statement filed with the Securities and Exchange Commission. That price would give Shoe Pavilion's 6.3 million shares to be outstanding after the IPO a market value of $63 million.
ARTICLES BY DATE
BUSINESS
July 19, 2008 | From Bloomberg News
Shoe Pavilion Inc., the Sherman Oaks-based discount shoe retailer, filed for bankruptcy protection this week and sought court approval to close more than half of its 117 stores. "There are approximately 43 stores which are clear money losers and will need to be closed in an expeditious manner," Shoe Pavilion said in papers filed Thursday in U.S. Bankruptcy Court in Woodland Hills. An additional 28 outlets will close unless landlords make rent concessions, the company said.
Advertisement
BUSINESS
July 19, 2008 | From Bloomberg News
Shoe Pavilion Inc., the Sherman Oaks-based discount shoe retailer, filed for bankruptcy protection this week and sought court approval to close more than half of its 117 stores. "There are approximately 43 stores which are clear money losers and will need to be closed in an expeditious manner," Shoe Pavilion said in papers filed Thursday in U.S. Bankruptcy Court in Woodland Hills. An additional 28 outlets will close unless landlords make rent concessions, the company said.
BUSINESS
December 12, 1997 | Bloomberg News
Shoe Pavilion Inc. filed to sell almost 29% of its shares in an $18-million initial public offering. The Richmond-based company, which owns 56 retail stores that sell off-price, brand-name footwear, plans to sell 1.8 million common shares for $10 each, according to a registration statement filed with the Securities and Exchange Commission. That price would give Shoe Pavilion's 6.3 million shares to be outstanding after the IPO a market value of $63 million.
BUSINESS
October 18, 2008 | David Pierson and Tiffany Hsu, Times Staff Writers
After 59 years in business, the Mervyns department-store chain called it quits Friday -- promising a huge going-out-of-business sale just in time for the holidays. And there is plenty of competition for a close-out Christmas. Linens 'n Things Inc. began a liquidation sale Friday, and Shoe Pavilion Inc. starts one this weekend, according to firms that said they were hired to liquidate the stores. Already gone are the novelty retailer Sharper Image Corp.
BUSINESS
July 30, 2008 | Leslie Earnest, Times Staff Writer
The Mervyns department store chain Tuesday joined the parade of retailers entering bankruptcy, staggered by a tottering economy made more tenuous by escalating job losses and higher gasoline prices. The company, which operates 129 stores in California, plans to remain open during the bankruptcy process. But its future remains clouded by a retail environment in which consumers are abandoning mid-tier retailers for bigger bargains at discount stores.
BUSINESS
November 11, 2008 | Andrea Chang, Chang is a Times staff writer
The bankruptcy filing of Circuit City Stores Inc. suggests that the retail environment is rapidly deteriorating. The nation's second-largest consumer electronics chain joined a long line of big retailers that have collapsed this year amid the faltering economy. The bankruptcy announcement Monday came only a week after the company said it was closing a fifth of its stores.
BUSINESS
November 7, 2008 | Maura Reynolds and Andrea Chang, Reynolds and Chang are Times staff writers.
New signs piled up Thursday that the ailing economy is taking another turn for the worse, with a mounting toll on ordinary Americans. Retailers reported the worst October sales figures since at least 1971, a grim harbinger for the holiday shopping season. The report sent stocks lower for a second straight day, handing the Dow Jones index its biggest two-day percentage loss since Wall Street's October 1987 collapse.
BUSINESS
November 24, 2008 | Roger Vincent and David Pierson, Vincent and Pierson are Times staff writers.
Life Plaza Center in San Gabriel used to teem with diners heading to Green Village, a Chinese restaurant in the middle of the horseshoe-shaped mall on Valley Boulevard. But after the eatery closed five months ago, the 7,500- square-foot space remained vacant. With no tenants stepping forward and fewer customers clogging the parking lot, the plaza is quiet, with a curiously dark core.
BUSINESS
January 17, 2009 | Andrea Chang and Martin Zimmerman
Bankrupt Circuit City Stores Inc. said Friday it was closing its 567 U.S. electronics stores and leaving its 34,000 employees jobless as the nation's employment picture grew bleaker. It was the worst day this year for news of layoffs, bank losses and store closings, and employers signaled more bad news ahead. Car rental firm Hertz Global Holdings Inc., oil producer ConocoPhillips, chip maker Advanced Micro Devices Inc. and health insurer WellPoint Inc.
Los Angeles Times Articles
|