Back-to-school rushes Shoe Carnival sales in 2nd half, August

02 Sep '05

2 min read

Evansville based leading retailer value-price footwear and accessories retailer Shoe Carnival Inc reported sales for the four-week period ended August 27, 2005 increased 7.3 percent to $81.8 million from sales of $76.2 million for the four-week period ended August 28, 2004. Comparable store sales increased 2.4 percent in August 2005.

Commenting on August sales, Mark Lemond, President and Chief Executive Officer, stated "Company August sales seemed to prove out the theory that back-to-school shoppers are now waiting until closer to, or even after, the back-to-school date to purchase footwear. Although the first half of the month was slow, sales heated up in the second half, as expected, and they ended the month with a solid comparable store sales increase of 2.4 percent."

Sales for the first seven months of 2005 increased 8.7 percent to $391.1 million from sales of $359.8 million for the first seven months of 2004. Comparable store sales increased 3.8 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 September 1, 2005 at 7:30 a.m. Eastern time. The telephone replay will be available for one week.

Shoe Carnival is a chain of 266 footwear stores located in the Midwest, South and Southeast. It operates specialty retail shoe stores offering variety of family footwear. 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.

Shoe Carnival Inc

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