Shoe Station news and archive

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...

Business

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...