EVANSVILLE, Ind., Oct. 11 /PRNewswire/ -- Shoe Carnival, Inc.
(Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories,
today reported sales for the five-week period ended October 6, 2001, increased
7.5 percent to $38.7 million from sales of $36 million for the five-week
period ended September 30, 2000. Comparable store sales decreased 0.3 percent
in September.
Sales for the first eight months of 2001 increased 17 percent to
$325.3 million from sales of $278.1 million for the first eight months of
2000. Comparable store sales increased by 2.1 percent for the 35-week period.
Mark L. Lemond, president and chief executive officer commented, "The
tragic events of September 11th had an immediate negative effect on our sales.
However, business improved dramatically late in the month and this rally
resulted in comparable store sales that were basically flat with last year.
In fact, our footwear sales, which excludes handbags, apparel and other
accessories, actually increased very slightly."
The Company also announced the opening of five stores in September one
each in Oklahoma City, OK; Chattanooga, TN; Temple, TX; Anderson, SC; and
Amarillo, TX.
To hear the telephone replay of Shoe Carnival, Inc.'s pre-recorded
September 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.
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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