EVANSVILLE, Ind., March 6 /PRNewswire-FirstCall/ -- Shoe Carnival, Inc.
(Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories,
today reported sales for the four-week period ended March 2, 2002 increased
13 percent to $34.8 million from sales of $30.6 million for the four-week
period ended March 3, 2001. Comparable store sales increased 4 percent in
February, 2002.
Mark Lemond, president and chief executive officer, commented, "We
recorded very strong sales during the first three weeks of February,
particularly in the athletic and men's and children's non-athletic product
categories. Comparable store sales were up almost 10 percent before a winter
storm during the last week of February enveloped the South and Midwest with
snow, ice and frigid temperatures. When Spring returns, we expect to see the
same strong sales demand return as well."
The Company also announced the opening of one store during the month in
Durham, NC.
To hear the telephone replay of Shoe Carnival, Inc.'s pre-recorded
February sales message, please dial 888-203-1112 followed by conference call
I.D. 611339 beginning March 6, 2002 at 7:30 a.m. Eastern time. The telephone
replay will be available for one week.
This release contains certain forward-looking statements that involve a
number of risks and uncertainties. Among the factors that could cause actual
results to differ materially are the following: general economic conditions
in the areas of the United States in which the Company's stores are located;
changes in the overall retail environment and more specifically in the apparel
and footwear retail sectors; the impact of competition, weather patterns,
consumer buying trends and the ability of the Company to identify and respond
to emerging fashion trends; the availability of desirable store locations at
acceptable lease terms and the ability of the Company to open new stores in a
timely manner; higher than anticipated costs associated with the closing of
underperforming stores; and other factors described in the Company's form 10-K
for fiscal year 2000.
Shoe Carnival is a chain of 183 footwear stores located in the Midwest,
South and Southeast. Combining value pricing with an entertaining store
format, Shoe Carnival is a leading retailer of name brand and private label
footwear for the entire family. Headquartered in Evansville, IN, Shoe
Carnival trades on the Nasdaq Stock Market under the symbol SCVL. Shoe
Carnival's press releases and annual report are available on the Company's
website at http://www.shoecarnival.com .
SOURCE Shoe Carnival, Inc.
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Related links:
http://www.shoecarnival.com
Company News On-Call:
http://www.prnewswire.com/gh/cnoc/comp/127183.html
CONTACT:
Mark L. Lemond, President and Chief
Executive Officer, or W. Kerry Jackson, Senior Vice President and
Chief Financial Officer of Shoe Carnival, Inc., +1-812-867-4034
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