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SHOE CARNIVAL INC. Evansville, Indiana Retailer Steps Right Up To Higher Earnings It Also (Big) Tops Sales Views There's no clowning around in tough retail environment, so this firm is all business.(THE NEW AMERICA)
Byline: AMY REEVES
Over the past year, retailers have had to scale back their plans after the one-two punch of recession and Sept. 11.
Shoe Carnival Inc. is no exception. But it's one of the few that have managed to keep sales and profits growing even as its short-term ambitions have shrunk.
The firm, which owns 182 shoe stores throughout the South and Midwest, learned its lesson a couple of years ago. After a gangbusters spring season in 1999, it invested heavily preparing for another big one the next year.
But spring 2000 didn't turn out as big as the investment accounted for. Sales grew, but earnings fell three quarters in a row.
"Sandal fashions apparently didn't change enough to entice the customer to repeat the spending spree," Chief Executive Mark Lemond remarked in that year's annual report.
That and the weakening economy convinced Shoe Carnival to cool things off a bit. Its long-term plan was to increase its store count by about 20% a year.
- Shoe Carnival Selects Global Sports To Develop and Operate Its E-commerce Store.
- Press release article from: Business Wire April 10, 2002 700+ words
...BUSINESS WIRE)-- April 10, 2002 SHOE CARNIVAL (NASDAQ: SCVL), a leading retailer...launch in the second quarter of 2002. Shoe Carnival is a leading retailer of name brand...the Midwest, South and Southeast. Shoe Carnival has announced that the company expects...
- Shoe Carnival Joins Forces with Soles4Souls Again.
- Press release article from: PR Newswire May 4, 2009 700+ words
...Tenn., May 4 /PRNewswire/ -- Shoe Carnival and Soles4Souls are partnering for...From May 6th until May 26th, all Shoe Carnival customers will have the opportunity...people in need. Funds raised during the Shoe Carnival promotion will be applied toward sending...
- Shoe Carnival Announces Executive Promotions.
- Press release article from: Business Wire September 8, 2004 700+ words
EVANSVILLE, Ind. -- Shoe Carnival, Inc. (Nasdaq:SCVL), a...success and remarkable growth of Shoe Carnival. We are justifiably proud of...contribute as strategic leaders in Shoe Carnival's future growth and performance...
- Shoe Carnival Announces Humanitarian Effort with Soles4Souls, the Shoe Charity.
- Press release article from: PR Newswire August 27, 2009 700+ words
...the popular footwear retailer, Shoe Carnival, is partnering with shoe charity...September 29, customers of all 314 Shoe Carnival locations will have the opportunity...donate $1 at the register. Shoe Carnival hopes to raise at least $140...
- Soles4Souls Announces Exclusive Fundraising Program and Shoe Drive With Shoe...
- Press release article from: PR Newswire August 18, 2008 700+ words
...announced today that they will partner with Shoe Carnival to launch an exclusive fundraising...shoe trade-in program at all 300 Shoe Carnival store locations. The programs will...September 24, 2008. Soles4Souls and Shoe Carnival have partnered in a unique and exclusive...
- In search of a comeback: trouble by sales declines and shrinking margins, Shoe...
- Magazine article from: Footwear News MacDonald, Laurie August 5, 1996 700+ words
...hasn't been all fun and games at Shoe Carnival, the 91-unit chain of family shoe...footwear represented about 60 percent of Shoe Carnival's women's shoe assortment - the...s category represents 60 percent of Shoe Carnival's total business volume. Today...
- Shoe Carnival Reports Continued Earnings Improvements For Third Quarter
- Press release article from: PR Newswire November 21, 1996 700+ words
...Ind., Nov. 21 /PRNewswire/ -- Shoe Carnival, Inc. (Nasdaq: SCVL) a leading...report the substantial increase in Shoe Carnival's earnings, which was again driven...resulted in improving fundamentals of Shoe Carnival's business. Although we remain cautious...
- Shoe Carnival qtr. net up 6%. (Shoe Carnival Inc.) (Financial)
- Magazine article from: Footwear News Ryan, Thomas J. May 2, 1994 700+ words
...EVANSVILLE, Ind. (FNS) -- Earnings at Shoe Carnival Inc. escalated 6 percent in the first...operating officer Mark Lemond said of Shoe Carnival, operator of 61 units in the Midwest...expansion is the expiration on Aug. 9 of Shoe Carnival's noncompetition pact with chairman...