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Two Ten Footwear Foundation Honors Shoe Carnival And OrthoLite CEOs

The Two Ten Footwear Foundation said in a release it has honored Shoe Carnival CEO Cliff Sifford with its T. Kenyon Holly Memorial Award and OrthoLite founder and CEO Glenn Barrett with its A.A. Bloom Memorial Award. Sifford will receive the T. Kenyon Holly Memorial Award, the foundation’s highest honor for humanitarian achievement. The award, […]

Shoe Carnival Calls Out Vendor Relationships For Strong Gains During Pandemic

At Jefferies 2021 Virtual Consumer Conference, Cliff Sifford, vice chairman and CEO at Shoe Carnival, said the off-pricer’s strong recent performance is partly because it didn’t cancel orders in the early stages of the pandemic and was rewarded with orders as inventory became scarce. However, he said those vendor partnerships have been built over time.

Shoe Carnival Issues Robust Annual Guidance

Shoe Carnival Inc. issued its full-year guidance that calls for earnings to double year-ago levels and come in ahead of current Wall Street targets. The off-pricer’s Board of Directors also authorized a two-for-one stock split.

Inside The Call: Shoe Carnival Delivers Blowout Q1 On Athletic Strength

Led by athletics and seasonal categories, Shoe Carnival reported first-quarter results that far exceeded Wall Street’s guidance and predicted record earnings for the second quarter. Carl Scibetta, senior EVP, chief merchandising officer, told analysts, “Both men’s and women’s athletic had strong performances with sales driven by the basketball, skate and running categories.”

Shoe Carnival Sees Record First Quarter Profits

Shoe Carnival Inc. reported earnings in the quarter ended January 30 came in significantly higher than Wall Street’s targets as sales more than doubled against a pandemic-depressed year-ago period. Comparable store sales increased of 125.8 percent and an all-time high store conversion rate was achieved.

Shoe Carnival Announces Planned CEO Succession

Shoe Carnival, Inc. announced that its Board of Directors has unanimously elected Mark Worden, the company’s president and chief customer officer, as its next president and chief executive officer, effective September 30, 2021. Worden will succeed Cliff Sifford.

Shoe Carnival Sees 6 Percent Fourth-Quarter Comp Gain

Shoe Carnival Inc. reported comparable store sales increased approximately 6.4 percent in the fourth quarter, on top of a 3.2 percent comparable store sale increase in the fourth quarter of fiscal 2019. The family shoe chain also said earnings doubled in the period.

Shoe Carnival Looks To Resume Store Expansion In 2021

Speaking at Morgan Stanley’s Virtual Global Consumer & Retail Conference, Shoe Carnival officials elaborated on plans to start ramping up expansion efforts in 2021 after closing a number of underperforming locations over the last three years that reduced its store count from 417 to 383 currently.

Shoe Carnival Delivers Record Quarter On Margin Boost

Shoe Carnival delivered its most profitable quarter in the company’s history helped by reduced promotional activity and strength in performance sandals and athletic footwear. The off-price retailer also posted a comp gain in the period despite delayed back-to-school selling.

Shoe Carnival Posts A Robust Q3 Profit Gain

Shoe Carnival Inc. reported a slight increase in year-over-year earnings in the third quarter as same-store sales grew 0.9 percent and merchandise margins improved 160 basis points. E-commerce sales catapulted over 150 percent to represent 13 percent of sales.