West Coast footwear discounter calls it quits.

SHERMAN OAKS, Calif. (Oct. 21, 2008)—Shoe Pavilion Inc. has announced plans to close up shop, shutting the doors of all 64 retail locations in California, Washington, Oregon and New Mexico. After operating for nearly 30 years, the off-price footwear retailer has already begun to hold going-out-of-business sales, which are expected to last 10 to 12 weeks.

The going-out-of-business sale will be conducted by a joint venture group consisting of Great American Group, LLC, SB Capital Group, LLC, Tiger Capital Group, LLC, and Hudson Capital Partners, LLC.

“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,” says managing member of Tiger Capital Group Danny Kane.

“With the holidays fast approaching, and consumers tight with their finances, this will be a great opportunity for them to get tremendous value for their money,” adds Andy Gumaer, CEO of Great American Group.

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