M&A - SHOE CARNIVAL INC

Form Type: 10-K

Filing Date: 2025-03-21

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025043195

Filing Summary: Shoe Carnival, Inc. is positioned as a leading omnichannel seller of footwear in the United States, having acquired Rogan's Shoes, Incorporated in February 2024, enhancing its market leadership in Wisconsin and establishing a store base in Minnesota. The acquisition contributed $80.3 million in Net Sales for Fiscal 2024, surpassing their operating income target. The company also reports a strategy shift towards expanding the Shoe Station brand, which has outperformed industry trends, by rebannering 175 stores over the next two years. Shoe Carnival operates 430 stores across 36 states and Puerto Rico, with a significant focus on leveraging e-commerce and modernizing their store fleet as part of their growth strategy. The 10-K also discusses risks related to competition, economic conditions, supply chain issues, and ongoing adaptations in their business model to respond to retail trends and consumer preferences.

Document Link: View Document