EVANSVILLE, Ind., Sept. 6 /PRNewswire/ -- Shoe Carnival, Inc.
(Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories,
today reported sales for the four-week period ended September 1, 2001
increased 8.4 percent to $55.4 million from sales of $51.1 million for the
four-week period ended August 26, 2000. Comparable store sales increased
4.7 percent in August 2001. Comparable store sales increased 9.5 percent
during the same time period last year.
Mark L. Lemond, president and chief executive officer commented, "We are
excited by the strength of our sales during the August back-to-school selling
period. Though the environment was promotional, we achieved strong comparable
store sales in August against very strong comparisons from a year ago. We owe
this success to the strength of our concept and a strong marketing effort in
our larger markets."
Sales for the first seven months of 2001 increased 18.4 percent to
$286.6 million from sales of $242.1 million for the first seven months of
2000. Comparable store sales increased 2.5 percent for the 30-week period.
To hear the telephone replay of Shoe Carnival, Inc.'s pre-recorded August
sales message, please dial 888-203-1112 followed by conference call I.D.
number 611339 beginning today 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 and
management's ability to negotiate acceptable lease terms and 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 178 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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