Shoe Carnival Inc. kicked up its heels about its profit in the second quarter, but missed on sales.
Shoe Carnival’s real estate team is currently working with landlords and expects to begin opening small-market stores in the next six to nine months, followed by consistent expansion over the next several years.
Shoe Carnival Inc. reported a 3% year-over-year drop in net income to $9.2 million, from $9.5 million in the first quarter of fiscal 2014.
Shoe Carnival had a generally disappointing third quarter fiscal 2013, with net income falling 11% to $10.9 million from $12.2 million.
Value-priced footwear retailer Shoe Carnival will grand-open 12 stores in 11 different cities in July, bringing its store count to 367 stores in 32 states and Puerto Rico.
Shoe Carnival reported that net earnings for the quarter ended Jan. 28 slipped to $3.2 million, compared with $3.3 million in the year-ago period.
Oakbrook Terrace, Ill.-based Mid-America Asset Management Inc. announced that Shoe Carnival recently leased 10,072 sq. ft. at Shops at South Elgin in Chicago’s west suburbs.
Shopping center owner DDR Corp. said Tuesday that four new Shoe Carnival stores will open at DDR shopping centers in 2012.
Shoe Carnival reported Thursday that net income for the quarter ended July 30 dropped to $2.7 million from $4.1 million in the year-ago period.
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Minyard Food Stores, which operates supermarkets under the Minyard, Carnival and Sack ’n Save banners,...