Nov. 13 at 3:34 PM
Shoe Carnival announced plans to change its corporate name to Shoe Station Group, Inc., pending shareholder approval in June 2026. The move is part of a broader strategy to consolidate operations under the Shoe Station brand, which is expected to represent over 90% of stores by fiscal 2028.
The rebranding follows stronger performance from Shoe Station, whose Q3 preliminary sales rose 5.3% with 260 bps margin expansion, compared with a 5.2% decline at Shoe Carnival. Total net sales reached
$297.2 million and EPS came in at
$0.53, both above estimates.
The company, which holds over
$100 million in cash and no debt, expects
$20 million in annual cost savings and a 20–25% reduction in inventory investment by FY2027. CEO Mark Worden said the consolidation will create a more efficient company positioned for growth and strategic acquisitions.
$SCVL