EVANSVILLE, Ind., Aug. 5 /PRNewswire/ -- Shoe Carnival, Inc.
(Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories,
today reported sales for the four-week period ended July 31, 1999 increased
22.1 percent to $24.2 million from sales of $19.8 million for the four-week
period ended August 1, 1998. Comparable store sales increased 0.6 percent in
July 1999.
Sales for the 13-week second quarter increased 22.2 percent to
$83.2 million from sales of $68.1 million for the 13-week quarter ended
August 1, 1998. Comparable store sales increased 0.6 percent for the 13-week
period.
Sales for the first six months of 1999 increased 20.6 percent to
$161.3 million from sales of $133.8 million for the first six months of 1998.
Comparable store sales increased by 2.0 percent for the 26-week period.
The Company also announced the opening of five stores in July, including
locations in Douglasville, GA; Louisville, KY; Meridian, MS; Montgomery, AL;
and Fort Smith, AR. This brings the total stores opened in the first half of
1999 to 15. The Company anticipates opening an additional 13 stores in the
second half of 1999, primarily in the third quarter.
Shoe Carnival is a chain of 126 footwear stores located in the Midwest and
mid-South. 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/comp/127183.html or fax,
800-758-5804, ext. 127183
CONTACT:
Mark L. Lemond, President and Chief Executive
Officer, or W. Kerry Jackson, Vice President and Chief Financial
Officer of Shoe Carnival, Inc. 812-867-4034
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