Shoe Carnival, Inc.
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Clifton E. Sifford
- Full Time Employees
- 5,000
- Sector
- Consumer Cyclical
- Industry
- Apparel - Retail
- Address
- 1800 Innovation Point Fort Mill SC United States of America 29715
- IPO Date
- Mar 16, 1993
- CIK
- 0000895447
- Website
- shoecarnival.com
- Similar Companies
- Business
- Shoe Carnival, Inc. (Nasdaq: SCVL) operates as a leading family footwear retailer in the United States, offering a broad assortment of dress shoes, casual shoes, sandals, boots, athletic footwear, and non-athletic shoes for men, women, and children; accessories including socks, handbags, backpacks, and shoe care products; and related services through physical stores, e-commerce platforms at www.shoecarnival.com and www.shoestation.com, and a mobile app. The company maintains approximately 429 stores across 36 states and Puerto Rico under the Shoe Carnival and Shoe Station banners, emphasizing national name brands alongside private label merchandise in a high-energy shopping environment featuring promotions, music, and interactive elements like a spin-n-win wheel. Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival targets value-conscious families and individuals with competitive pricing and omnichannel convenience. In recent strategic developments, Shoe Carnival acquired Rogan's Shoes in February 2024 for $45 million, adding 28 stores in Wisconsin, Minnesota, and Illinois to establish market leadership in Wisconsin, expand into Minnesota, and integrate operations into the Shoe Station banner, generating approximately $84 million in sales and $10 million in operating income while targeting $1.5 million in annual synergies fully realized by fiscal 2026. The company accelerates its One Banner Strategy by converting Shoe Carnival stores to the higher-performing Shoe Station format, achieving 8% comparable sales growth for Shoe Station through year-to-date 2025, planning 58 additional conversions in the second half of 2025 to reach 215 Shoe Station stores (over 51% of the fleet) by back-to-school 2026 and more than 90% by fiscal 2028 end, alongside a proposed corporate name change to Shoe Station Group pending shareholder approval in June 2026, expected to yield $20 million in annual cost savings and 20-25% inventory reduction by fiscal 2027 end. These initiatives support long-term goals of over 500 stores by 2028 and position Shoe Carnival as the nation's leading family footwear retailer through organic growth, M&A, and operational efficiencies, while maintaining a debt-free balance sheet with over $100 million in cash and securities.
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