Shoe Pavilion liquidation expected to bring in $36M-Going Out of Business

Shoe Pavilion Inc. said late Monday that it will close its 64 remaining stores after a liquidation sale.

The Sherman Oaks, Calif.-based discount shoe store filed for Chapter 11 bankruptcy protection in July and joins Mervyns LLC of Hayward, Calif., and Linens-N-Things Inc. of Clifton, N.J., on a growing list of major retailers that are shutting down this year.

U.S. Bankruptcy Judge Maureen Tighe approved the liquidation order Friday to have 10 to 12 weeks of sales run by a joint venture group of Great American Group LLC of Los Angeles, SB Capital Group LLC of Great Neck, N.Y., Tiger Capital Group LLC of Boston and Hudson Capital Partners LLC of Fort Lauderdale, Fla. The liquidation is expected to bring in $36.3 million.

Shoe Pavilion had been in business for 29 years and at one time had 117 stores. The company has stores in California, Arizona, Nevada, New Mexico, Oregon, Texas and Washington. Access to the company’s Web site has been limited, but Google Maps shows five Shoe Pavilion stores in Arizona.

“It is always tough to close down stores, but consumers will benefit from the extreme discounts on every item in the stores until all the merchandise is sold,” Danny Kane, managing member of Tiger Capital Group, said in a news release Monday.

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