Shoe Station news and archive

Shoe Carnival posts positive Q3 amidst major rebranding efforts

Shoe Carnival, Inc. reported third-quarter results that surpassed expectations, underscoring the early success of its One Banner Strategy as the company accelerates its transition to the Shoe Station brand. Net sales for the quarter were 297.2 million dollars, ahead of consensus estimates, while earnings per diluted share were 53 cents....

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Shoe Carnival announces corporate name change to Shoe Station Group

Shoe Carnival, Inc. announced that its board of directors has unanimously approved a plan to change the company’s corporate name to Shoe Station Group, Inc., pending shareholder approval at the June 2026 Annual Meeting. The move marks a major strategic shift toward a single-banner business model centered on the rapidly expanding Shoe Station...

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Shoe Carnival's 'Rebanner' strategy drives growth in Q2 2025

Shoe Carnival, a leading footwear retailer, announced its second-quarter fiscal 2025 results and updated its full-year outlook. The company reported a net income of 19.2 million dollars, or 70 cents per diluted share, beating the consensus by over 20 percent. This came despite a 7.9 percent decrease in net sales, which totalled 306.4 million...

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Shoe Carnival posts FY24 sales growth, cautious on FY25 forecast

Footwear retailer Shoe Carnival reported net sales of 1.203 billion dollars, up 2.3 percent for fiscal 2024 driven by continued growth from Shoe Station’s 5.7 percent net sales growth and over 80 million dollars in net sales from Rogan’s, partially offset by a 3.9 percent comparable store sales decline, driven by Shoe Carnival. Net income grew...

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Shoe Carnival posts 7.2 percent drop in Q4 sales

Shoe Carnival's fourth quarter 2022 net sales of 290.8 million dollars decreased 22.6 million dollars or 7.2 percent, compared to the fourth quarter of 2021. In January 2023, the first comparable month without government stimulus, net sales increased low single digits versus January 2022. However, fourth quarter net sales increased 50.9 million...

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Shoe Carnival acquires Shoe Station

Footwear retailer Shoe Carnival has announced its acquisition of Shoe Station. Shoe Station, which is privately held and family owned, was acquired for 67 million dollars, funded through cash on hand. Shoe Carnival will own and operate Shoe Station locations, with the brand having stores in five Southeastern states. “We are excited to welcome...