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Article Date: November 2023
Word Count: 384

Shoe Carnival Sees Warm Fall Hurt Boot Sales


Net income was cut by a third to $21,861,000 from $32,652,000 in the third quarter on revenue that dropped 6% to $319,914,000 from $341,661,000, as softening trends after Labor Day sent comps down 7.4%. Total e-commerce sales across banners were up nearly 10%, bolstered by digital marketing and CRM investments, helping ease effects from an 11% traffic reduction in stores. The Shoe Carnival banner comped down in the high singles in Sep. and Oct. as fall seasonal assortments failed to launch amidst unfavorable weather in most geographies. The Shoe Station banner, ... Log in to view full article.

 


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