EVANSVILLE, Ind., Nov. 2 /PRNewswire/ -- Shoe Carnival, Inc.
(Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories,
today reported sales for the four-week period ended October 28, 2000 increased
21.8 percent to $27.5 million from sales of $22.6 million for the four-week
period ended October 30, 1999. Comparable store sales increased 4.7 percent
in October 2000.
Mark L. Lemond, president and chief executive officer commented, "As we
anticipated, women's fashion boots and fashion athletic product were the key
drivers of our sales during October. With well-positioned inventories in fall
product, particularly fashion boots, we are poised to take advantage of our
customer's demand for fashion footwear in the fourth quarter."
Sales for the 13-week third quarter increased 21.7 percent to
$114.7 million from sales of $94.2 million for the 13-week quarter ended
October 30, 1999. Comparable store sales increased 4.9 percent for the
13-week period.
Sales for the first nine months of 2000 increased 19.6 percent to
$305.7 million from sales of $255.5 million for the first nine months of 1999.
Comparable store sales increased by 1.4 percent for the 39-week period.
The Company also announced the opening of six stores in October, one each
in Tuscaloosa, AL; Decatur, AL; Toledo, OH; St. Joseph, MO; Rockford, IL; and
Owasso, OK. Additionally, two stores have opened in November, one each in
Tulsa, OK and Charleston, SC.
Shoe Carnival is a chain of 164 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/ .
To hear Shoe Carnival, Inc.'s prerecorded October sales message, log onto
Shoe Carnival's corporate information page at http://www.shoecarnival.com for an
audio replay beginning today at 7:30 a.m. EST. This replay will be accessible
for one month following the call.
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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