Shoe Pavilion CFO Steps Down

The chief financial officer of Shoe Pavilion Inc. has announced plans to step down later this month. Bruce Ross will resign May 30 and plans to take a position with another specialty retailer, the Sherman Oaks company said. Until then, Ross will oversee the preparation of Shoe Pavilion’s first quarter returns and consult while a new CFO is found. Shoe Pavilion has been dealing with rough financial waters in recent months. Earlier this week, it hit a new 52-week low after the company said it expects wide-than-predicted first quarter losses.