Reported 2 days ago
Shoe Carnival Inc. has announced plans to accelerate its rebanner initiative, converting more stores to its successful Shoe Station banner despite a drop in overall net sales and income in the first quarter. The company aims for Shoe Station to represent over 80% of its store fleet by March 2027, reflecting a strategic shift towards this more profitable retail concept. While investing in this transformation may temporarily impact earnings, Shoe Carnival expects to recover investments and achieve significant market share growth as it expands into new regions.
Source: YAHOO