EVANSVILLE, Ind., Dec. 4 /PRNewswire/ -- Shoe Carnival, Inc.
(Nasdaq: SCVL), a leading retailer of value-priced footwear and accessories,
today reported sales for the four-week period ended December 1, 2001 increased
12.7 percent to $38.1 million from sales of $33.8 million for the four-week
period ended November 25, 2000. Comparable store sales increased 3.8 percent
in November 2001.
Mark Lemond, president and chief executive officer stated, "In a difficult
retail environment we continue to generate positive comparable store sales.
Warm weather in the Midwest negatively impacted the sale of cold weather
product, especially boots. Athletic product continues to sell very well and
has resulted in a stronger sales trend than we had originally anticipated.
Looking ahead we expect boot sales to significantly improve with the return of
cooler weather."
Sales for the first ten months of 2001 increased 16.1 percent to
$394.1 million from sales of $339.5 million for the first ten months of 2000.
Comparable store sales increased by 2.2 percent for the 43-week period.
To hear the telephone replay of Shoe Carnival, Inc.'s pre-recorded
November sales message, please dial 888-203-1112 followed by conference call
I.D. number 611339 beginning December 6, 2001 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 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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