Shoe Carnival has reopened all but one of its 390 stores across the US following the current pandemic. The moderately-priced footwear retailer is already seeing stronger-than-expected sales amid reopening, according to a recent business update. For the second quarter-to-date, comparable store sales were up by 28.1% compared to the previous year.
Shoe Carnival’s Chief Executive Officer, Cliff Sifford, is encouraged by their healthy sales performance shortly after opening their doors. Although there’s still a long way to go for a full recovery, the brand’s performance has exceeded expectations.
“While there are still many unknowns, we are encouraged by these more than positive sales trends and remain committed to meeting our customers’ footwear needs and positioning Shoe Carnival as a leader in the family footwear segment,” said Sifford.
About Shoe Carnival
Shoe Carnival, Inc. is one of the nation’s largest family footwear retailers, offering a broad assortment of moderately priced dress, casual and athletic footwear for men, women and children with emphasis on national name brands. As of June 22, 2020, the Company operates 390 stores in 35 states and Puerto Rico, and offers online shopping at www.shoecarnival.com. Headquartered in Evansville, IN, Shoe Carnival trades on The Nasdaq Stock Market LLC under the symbol SCVL. Shoe Carnival’s press releases and annual report are available on the Company’s website at www.shoecarnival.com.